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Avatar for Marilyn & Company/Keller Williams Realty Boston Southwest
Marilyn & Company/Keller Williams Realty Boston Southwest
5.0(
101
)

Serving Leverett, MA and surrounding areas

Approved

In business since 2004

Free estimates

Emergency services offered

"The real estate world is crazy and Marilyn walked us through the process with clarity and ease. She encouraged us to sell sooner than we planned and she was right. She knows the market. Her market expertise put much of our uncertainty to rest. Even more so, we witnessed her negotiation skills in action when she was able to bring in significantly more than what we originally anticipated. The price of a realtor is worth it...Marilyn (and her team) is worth 2x her cost. We can't recommend her enough."
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Antiques and Jewelry Appraisals questions, answered by experts

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

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.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

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.

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.

The Leverett, MA homeowners’ guide to antique and jewelry appraisals

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