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South Shore Valuation
2.7(
1
)

Serving Gary, IN and surrounding areas

In business since 2013

Free estimates

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're 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\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\nDetermining 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

Frank Trapane & Associates
5.0(
1
)

Serving Gary, IN and surrounding areas

In business since 2010

Free estimates

Frank Trapane & Associates brings an unmatched commitment to excellence to your Home Appraisals. We have over 10 years experience delivering unsurpassed professionalism, expertise, and value. We take pride in providing our customers with personalized customer service, the highest industry standards, and top quality workmanship. References available upon request. Give us a call today!

Response time10 mins
Recommended by100%of homeowners
Appraisal Express Service, LTD.
0.0(
15
)

Serving Gary, IN and surrounding areas

In business since 2001

We ARE THE LEADING PROVIDERS in the Real Estate Industry in the Midwestern region! We pay attention to detail and make sense out of this senseless economy! Visit our website..www.appraise2express.com We provide COMPREHENSIVE appraisals for real estate tax appeals, estate purposes, bankruptcy, eminent domain, divorce cases, mortgage transactions, etc. With many years of real estate experience in the industry, we have a proven track record of reducing time and efforts in managing real estate transactions. We keep abreast of socioeconomic conditions that have a huge impact on today's soft market.\n\nWe are a leading provider of appraisals for:\n\nPrimary and secondary mortgages \nBankruptcy appraisals\nMortgage refinancing \nDivorce settlement\nEminent domain\nEmployee relocation \nPrivate mortgage insurance removal \nEstate planning \nAssisting sellers in efficiently marketing and selling properties\n \n

Recommended by71%of homeowners
Thomas Eiler
New to Angi

Serving Gary, IN and surrounding areas

In business since 1993

Thomas Eiler, is one of the most respected names in the Michigan City area for home and land appraisal services.Thomas Eiler, has a wide variety of clients including home buyers, sellers, investors, real estate agents, lenders, attorneys, banks, and field service companies. Thomas Eiler, offers a full menu of real estate services and will provide you with a thorough unbiased, detailed, confidential, and professional appraisal of your property! Call me today as I look forward to working you. Tom

Response time1 day
Response rate100%
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Property Appraiser questions, answered by experts

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.

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.

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.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

The Gary, IN homeowners’ guide to property appraisals

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