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FAB Appraisals
4.5(
97
)
Appraisal - Real Estate

Serving Chevy Chase, MD and surrounding areas

Approved

In business since 1989

Emergency services offered

Credit card accepted

"The company followed up on the appointment and was on-time for the appraisal. The report was delivered in a matter of days. I noticed a deficiency in the initial appraisal. I reached out to the appraiser, and the document was corrected and updated within 24 hours. Because of his excellent customer service, I rehired him to appraise another property."
Response time5 hrs
5 neighbors recently requested a quote
Recommended by88%of homeowners
Avatar for Alpha Appraisers, LLC
Alpha Appraisers, LLC
4.8(
61
)
Appraisal - Real Estate

Serving Chevy Chase, MD and surrounding areas

In business since 2018

Free estimates

"Mr. Taci is the utmost professional. He was attentive to my needs and on my required schedule. He is a well-respected professional, demonstrated his expertise with the Uniform Standards of Professional Appraisal Practice, and provided a fair and accurate appraisal of my property. I highly recommend his services without reservation."
Victorian House
Exterior
Exterior
Interior
Response time4 hrs
Recommended by96%of homeowners
Avatar for Jeffrey W Aaron
Jeffrey W Aaron
5.0(
12
)
Appraisal - Real Estate

Serving Chevy Chase, MD and surrounding areas

In business since 2005

Free estimates

"I hired Jeffrey to give me an appraisal after I perform the number of upgrades on my home. Jeffrey was realistic, informative and very fair in his appraisal. I appreciated his willingness to walk me through the appraisal and to give me a true sense of the value of the property. I especially appreciated that he was conservative and fair. I'm certain this appraisal will stand the scrutiny of USDA and any Federal Bank. Sometimes appraisers work for the bank. I felt Jeffrey was protective of my interest. Jeffrey gave me confidence in me potential investment."
Jeffrey W Aaron
Jeffrey W Aaron
Jeffrey W Aaron
Response time7 hrs
Response rate98%
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

In most cases, you can expect home automation to boost your home value. This technology makes the homeowner’s life easier and more comfortable, and some provide increased safety and protection. Buyers will likely recognize value in security systems and utility monitors, as well as comfort-focused upgrades that save on electric bills while keeping interior rooms at the desired temperature and humidity. On average, you can expect a 50% and 75% return on investment on home automation services, and potentially even more if the automation reduces homeowner’s insurance.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

The Chevy Chase, MD homeowners’ guide to property appraisals

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