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Peterson Appraisals
5.0(
2
)
Appraisal - Real Estate

Serving Capron, IL and surrounding areas

In business since 1994

Free estimates

Credit card accepted

"I had a fantastic experience working with Byron for my home appraisal. He was professional, thorough, and took the time to explain the process and answer all of my questions. His attention to detail and expertise were evident, and he delivered a comprehensive and accurate report in a timely manner. Byron’s friendly demeanor and clear communication made the entire process smooth and stress-free. Highly recommend his services to anyone in need of a reliable and knowledgeable appraiser!"
Response time1 day
Recommended by50%of homeowners
Property Appraiser questions, answered by experts

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.

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

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.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

The Capron, IL homeowners’ guide to property appraisals

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