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Avatar for Lincoln Appraisal Group
Lincoln Appraisal Group
4.3(
2
)
Appraisal - Real Estate

Serving Enigma, GA and surrounding areas

In business since 2008

Free estimates

Credit card accepted

With over 10 years of experience helping both homeowners and lenders, I can help with any house or land appraisal you may require! Whether it is insurance, property tax, settlements, buying a house and/or land, selling a house and or land or just wanting to know how much your property is worth, I make it as easy as possible for the homeowner. For a knowledgeable, quick and easy real estate property appraisal done right, please call today!! I can not wait to hear from you! Please CALL our office at 229-467-9744 to schedule an appointment. \n\n

Response time5 days
Recommended by100%of homeowners
Daugharty Appraisal Services LLC
5.0(
1
)
Appraisal - Real Estate

Serving Enigma, GA and surrounding areas

In business since 2001

Offers commercial services

Cost starts at 400$ and will go up according to size and scope. We pride our company on reliability, great communication, integrity, and quality work. We are experts in our trade and will do our best to keep you as educated as we can on your particular task or project. We look forward to earning your business!

Response time1 day
Recommended by100%of homeowners
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. 

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

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.

The Enigma, GA homeowners’ guide to property appraisals

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