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MARKETING & CONSULTANT SERVICES INC.

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MARKETING & CONSULTANT SERVICES INC.

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45 years of experience

For company information, please check our website @ www.marketingconsult.com. John Harris, President of Marketing & Consultant Services, Inc., has over 30 years of counseling experience. HIs offices are located at 2014 W. 13th St. North, Wichita, Kansas 67203. He has owns several successful businesses and holds a Master of Business Administration Degree. He has operated both nationally and internationally in appraisal and brokerage and currently teaches appraisal technique in business and machinery for several national firms. He is a member of Certified Business Counselors, the Institute of Business Appraisers and the American Society of Appraisers.

For company information, please check our website @ www.marketingconsult.com. John Harris, President of Marketing & Consultant Services, Inc., has over 30 years of counseling experience. HIs offices are located at 2014 W. 13th St. North, Wichita, Kansas 67203. He has owns several successful businesses and holds a Master of Business Administration Degree. He has operated both nationally and internationally in appraisal and brokerage and currently teaches appraisal technique in business and machinery for several national firms. He is a member of Certified Business Counselors, the Institute of Business Appraisers and the American Society of Appraisers.

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.

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.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

The Logan, KS homeowners’ guide to property appraisals

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