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Friedrich Lund Appraisals
New to Angi

Serving Waterloo, IN and surrounding areas

In business since 2007

Free estimates

Friedrich Lund Appraisals, has more than 12 years of experience the appraisal and real estate business. We are efficient, knowledgeable, and professional. We also deliver reports to you electronically. We specialize in the following non-lender appraisals: pre-listing, purchase market value, tax appeals, private mortgage insurance removal, land value, reinstatement of a home equity line of credit due to bank freeze, estate, and, bankruptcy. When experience counts, you can count on our experience and expertise.

Property Appraiser questions, answered by experts

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

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.

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.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

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.

The Waterloo, IN homeowners’ guide to property appraisals

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