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Steenhoek Appraisal, Inc.
4.0(
3
)
Appraisal - Real Estate

Serving Colfax, IA and surrounding areas

In business since 2004

As licensed appraisers, we have the comprehensive training and credentials to provide the level of credible property value opinions. With years of experience that only comes with doing the job, we are prepared to help our clients with practically any type of real estate. If you need an appraisal for any of the following reasons, give us a call today!\n*Asset Valuation for Estate/Probate inventory/settlement\n*Asset division for situations like a divorce\n*Deciding on a listing price for your property\n*Tax Challenges (reducing property taxes) if you live in an area where house prices have declined\n*Determining market value on real estate related to a bankruptcy\n*Figuring out the value of home improvements you may have done or are deliberating\n*Retrospective appraisals\n

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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.

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

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.

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

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.

The Colfax, IA homeowners’ guide to property appraisals

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