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Avatar for Moosa Appraisals
Moosa Appraisals
5.0(
6
)
Appraisal - Real Estate

Serving Morse, LA and surrounding areas

Approved

In business since 2007

Free estimates

Customers say: Quick response

"Amazing job -- the appraisals are fair, thorough, and accurate. I recommend Moosa Appraisals all the time and I have used Michael for over 10 years -- he is always my top choice to hire."
Response time7 hrs
Response rate86%
Recommended by100%of homeowners
JPH Appraisal Services, LLC
5.0(
1
)
Appraisal - Real Estate

Serving Morse, LA and surrounding areas

In business since 2001

Free estimates

At JPH Appraisal Services, LLC, we are your premier choice for professional appraisal services. We have provided high quality work and friendly customer service for years. We take pride in our work. We work hard to provide the best service possible with integrity and accountability. We would love to help you. Give us a call today!

Response time20 mins
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

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.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

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 differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

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). 

The Morse, LA homeowners’ guide to property appraisals

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