Get matched with top property appraisers in Lawrenceburg, KY

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.

To get the highest appraisal value possible for your home, make any necessary repairs and updates prior to the appraisal. Some examples of tasks include updating landscaping to boost curb appeal, renovate older areas of the home, and consider staging your home. Keep in mind that some aspects of the appraisal are out of your control, such as comparable properties nearby.

Wainscoting isn’t a design element that can be directly tied to an increased house price. Despite that, it is a highly marketable element that can generate significant interest from potential buyers who enjoy the style, and is relatively inexpensive to remove for those who don’t. If you are on the fence about paneling, just know that it certainly wouldn’t result in depreciation of your home’s value—usually the opposite. 

Home and property appraisals cost about $355 on average, ranging from $250 to $500, depending on the size of the home and property, age of the property, comparability to nearby homes, and location. While single-family homes typically cost between $300 and $400 to appraise, multi-family home appraisal can cost $500 to $1,000 due to the increased size and building complexity.