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Avatar for Florida Appraisal Service, LLC
Florida Appraisal Service, LLC
5.0(
3
)
Appraisal - Real Estate

Serving Viera, FL and surrounding areas

Approved

Super Service Award Winner

In business since 2020

Free estimates

Offers commercial services

"We recently worked with appraiser Andrew on a property we have listed in Vero Beach, and the experience was excellent. Communication was prompt, clear, and to the point, with any questions addressed quickly and professionally. Andrew was a pleasure to work with and delivered the report on time, if not earlier. Great job, and thank you!"
Attic Inspection
Sketch to ANSI
Interior & Exterior Inspection
Response time6 hrs
Response rate93%
3 neighbors recently requested a quote
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Property Appraiser questions, answered by experts

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

The condition and appearance of your yard can affect your home appraisal value. A well-maintained, attractive yard with curb appeal adds to a property’s value, while an overgrown, messy, poorly maintained yard can hurt your home’s appraisal. Even small cosmetic improvements to your yard, like adding mulch, trimming trees, and cleaning out plant beds, can help your appraisal value.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

The Viera, FL homeowners’ guide to property appraisals

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