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

Serving Patterson, 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
Property Appraiser questions, answered by experts

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

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. 

In most cases, you can expect home automation to boost your home value. This technology makes the homeowner’s life easier and more comfortable, and some provide increased safety and protection. Buyers will likely recognize value in security systems and utility monitors, as well as comfort-focused upgrades that save on electric bills while keeping interior rooms at the desired temperature and humidity. On average, you can expect a 50% and 75% return on investment on home automation services, and potentially even more if the automation reduces homeowner’s insurance.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

The Patterson, GA homeowners’ guide to property appraisals

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