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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.4(
62
)
Appraisal - Real Estate

Serving Hillcrest, IL and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"The process was easy, and pricing options were provided up fromt. They gave clear instructions about what they needed for the appraisal. They provided an appraisal quickly, with a nice turn around time. I would call this company again next I need an appraisal."
Restaurant
Response time5 hrs
Response rate89%
1298 neighbors recently requested a quote
Omni Appraisals
0.0(
4
)
Appraisal - Real Estate

Serving Hillcrest, IL and surrounding areas

In business since 1989

Credit card accepted

Since 1989, we at Omni Appraisals, have been the premiere real estate business in the Hoffman Estates area. We pride ourselves on honesty and integrity. In an unstable market a good appraiser is your best friend. We don't want to just do a good job for you; we want you as a customer for life. Please call for an appraisal today!

Recommended by50%of homeowners
Property Appraiser questions, answered by experts

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.

Typically during transactions or refinancing, or whenever significant improvements are made.

A koi pond may add value to your home if it’s a feature sellers are looking for. Like pools, ponds can affect your property value depending on their condition, whether they’re a popular selling point, and how well they’re incorporated into your home’s landscape.

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. 

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.

The Hillcrest, IL homeowners’ guide to property appraisals

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