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Avatar for New England Home Renovations LLC
New England Home Renovations LLC
4.0(
311
)
Appraisal - Real Estate

Serving Otis, ME and surrounding areas

In business since 1983

Free estimates

Emergency services offered

"Richard was amazing. We had been away from home for several months and returned to a complete nightmare in our basement. The entire floor was buckled in the two rooms on the finished side of the space and there was black mold growing up all the walls. I called NE Renovations after reading their reviews on Angie's list and within a few hours Richard, the owner of the company, was at my house assessing the situation. He informed me that the problem was caused by a failing water tank on my furnace, which seemed obvious after he said it, but would have never occurred to me. He let me know that my homeowners insurance would likely cover the damage, again something I had never considered, and then offered to work with my adjuster. From the moment I hired NE Renovations to do the work, Richard was available to deal with anything that came up. I've worked with a lot of contractors over the years and have never had an experience like this. Richard was there when the adjuster did the inspection, undoubtedly paving the way for the smooth experience we had with our claim and communicated with us every step of the way to make sure we understood what was happening and why. Because they were dealing with mold removal, an extreme amount of care went into the demolition process and Richard always kept us informed about the safety of the environment. He always followed through on what he said he would do when he said he would do it. His team was skilled, professional and considerate. They used high quality materials and did high quality work. Our basement looks better than it ever did before the damage occurred. I can't imagine how the experience could have been better. We will never use another company to do work that NE Renovations can do."
Before
After's
New boiler install
Removal of cast Iron to PVC.
Additional Photos

+37

Recommended by89%of homeowners
Avatar for Alliance Home Inspectors
Alliance Home Inspectors
4.8(
4
)
Appraisal - Real Estate

Serving Otis, ME and surrounding areas

In business since 2004

Free estimates

Emergency services offered

Professional leading company that serves most of Maine for Home Inspection needs. We offer general home inspections, water testing, radon testing, mold testing and more. Our company will focus on your needs while helping you through your home buying process. With a Grade A customer satisfaction we will put our skills to work to set your mind at ease.

Additional Photos
Recommended by75%of homeowners
Property Appraiser questions, answered by experts

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

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.

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

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

The Otis, ME homeowners’ guide to property appraisals

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