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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
68
)
Appraisal - Real Estate

Serving Audubon, MN and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"Hired to do valuation of a manufactured home - not on land. Gave appraisal comparison properties included land. therefore not an accurate valuation. Thought salesperson understood nuance."
Restaurant
Response time5 hrs
Response rate89%
1296 neighbors recently requested a quote
Avatar for Logan Zimmerman
Logan Zimmerman
5.0(
4
)
Appraisal - Real Estate

Serving Audubon, MN and surrounding areas

In business since 2022

Free estimates

"Very professional and experienced! Communication was top notch and everything was done in a timely manner. Would 100% recommend them to any one looking to get an appraisal."
Response time2 days
Response rate100%
Recommended by100%of homeowners
Steven M. Spaeth Appraisals
4.5(
2
)
Appraisal - Real Estate

Serving Audubon, MN and surrounding areas

In business since 1989

Credit card accepted

We're a well established business with over 40 years of unmatched expertise. Customer preference and priorities are always first. We're very timely with our work and never lose attention to detail. Steven M. Spaeth Appraisals has built a reputation for quality appraisals with each satisfied customer. Our sense of pride is apparent in every appraisal we complete. Call Steven M. Spaeth Appraisals today and we'll be there in your time of need.

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.

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

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

Installing a flagpole can improve your home’s curb appeal, so it will often have a modest positive impact on your property value. You’ll see a much larger bump in property value if you install a custom wooden flagpole than you would if you install a standard aluminum pole. Adding lighting to your flagpole will also have a positive impact on home value, as will trimming trees away from the new lawn addition.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

The Audubon, MN homeowners’ guide to property appraisals

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