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Avatar for Mark Revak, Inc.
Mark Revak, Inc.
4.9(
4
)
Appraisal - Real Estate

Serving Bonifay, FL and surrounding areas

In business since 2005

Credit card accepted

Mark Revak, Inc. brings an unmatched commitment to excellence to your appraisal needs. I have 18 years experience delivering unsurpassed professionalism, expertise, and value. I take pride in providing our customers with personalized customer service, the highest industry standards, and top quality work. References available upon request. Give me a call today!

Response time2 days
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

Estate shutters are considered a high-end window treatment that increases home value. As previously mentioned, this project comes with an ROI of up to 75%. Shutters can also improve your home’s energy efficiency, especially if you choose PVC or faux wood shutters, which will lead to long-term savings on your energy bills.

Mobile homes weigh anywhere between 45 to 50 pounds per square foot. Some newer options weigh up to 70 pounds per square foot. An average single-wide mobile home weighs 45,000 pounds, and a double-wide mobile home weighs about 70,000 pounds. Triple-wide mobile homes range from 90,000 to 100,000 pounds.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

The Bonifay, FL homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.