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Avatar for The Yungmann Group of Keller Williams Integrity
The Yungmann Group of Keller Williams Integrity
5.0(
25
)
Appraisal - Real Estate

Serving Shady Side, MD and surrounding areas

In business since 2004

Emergency services offered

"I wasn’t rushing into my home purchase and David was patient during the two years it took to land my home. I wasn’t sure what I wanted at the outset and David encouraged me to see a variety of property types and conditions. That helped hone in on what I wanted and we submitted a couple of offers  along the way. The whole experience informed me of what was important to me and emphasized the need to act fast. So when a home I really liked went on the market just as I was headed out of town, David and I developed a strategy to make sure I didn’t lose out. Six months later and I still smile and think how much I love my new home every time I open the front door. (And I have great neighbors, too.) On top of his real estate expertise and familiarity with the area, David also leverages the technology to complete a contract quickly online. He took the time to answer every question and really walked me through the home-buying process."
Townhome
Luxury Home
Single Family Detached
Recommended by100%of homeowners
Consumer Appraiser
4.5(
13
)
Appraisal - Real Estate

Serving Shady Side, MD and surrounding areas

In business since 2001

Free estimates

"David was wonderful! I needed an appraisal for estate tax purposes and he obliged to get one to me within 2 weeks although I really did not need it until end of this year. The pricing was very fair and he was thoughtful enough to send me a copy of his state license as well as his appraisers insurance policy before I needed to ask. That is quality customer service. Would I recommend using David? YES! Would I use his service again in the future? YES!"
Response time7 hrs
Recommended by90%of homeowners
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Property Appraiser questions, answered by experts

Estate shutters are considered a high-end window treatment that increases home value. As previously mentioned, this project comes with an ROI of up to 75%. Shutters can also improve your home’s energy efficiency, especially if you choose PVC or faux wood shutters, which will lead to long-term savings on your energy bills.

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.

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.

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.

A comprehensive smart home system can be really attractive to buyers and increase the value of your property. Components such as a smart security system, smart lawn and garden systems, and smart appliances can all drive up the value of your property.

The Shady Side, MD homeowners’ guide to property appraisals

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