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Avatar for 365 Appraisals, LLC
365 Appraisals, LLC
5.0(
1
)
Appraisal - Real Estate

Serving Bremen, IN and surrounding areas

In business since 2019

365 Appraisals, LLC is one of the most respected names in the metro South Bend area for residential appraisal services. We have a wide variety of clients including home buyers, sellers, investors, real estate agents, lenders, attorneys, banks, and field service companies. We offer a full menu of real estate services and will provide you with a thorough unbiased, detailed, confidential, and professional appraisal of your property! Call us today, we look forward to working you.

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Response time40 mins
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

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.

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.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

The Bremen, IN homeowners’ guide to property appraisals

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