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Avatar for Raila & Associates PC
Raila & Associates PC
4.5(
13
)

Serving Manlius, IL and surrounding areas

In business since 2013

Free estimates

Credit card accepted

"

I have used her service numerous times to have my assessment appealed on my house. The tax saved for 3 years of the assessment cycle with the second installment of my 2014 real estate tax bill is $2557.59. They are very professional and would recommend them to reduce your taxes. My brother who owns two apartment buildings also has used their services. Angie's List had a $50.00 coupon off of their services which reduced my fee to $291.04.


"
Affordable and Client-Friendly -- You Pay Only if Raila & Associates, P.C. is successful in winning tax relief.
Serving owners, taxpayers, property managers and developers of real estate in Chicago and Northern Illinois.
Raila & Associates, P.C., an Illinois law firm, has thousands of satisfied clients. THIS IS LEGAL SERVICES ADVERTISING.
Paula Raila, J.D., President
Thomas Thorson, J.D., Associate Counsel

+2

Recommended by83%of homeowners
Property Appraiser questions, answered by experts

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.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

The Manlius, IL homeowners’ guide to property appraisals

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