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AREAS Appraisals
5.0(
11
)
Appraisal - Real Estate

Serving Braham, MN and surrounding areas

In business since 1999

Free estimates

Emergency services offered

"Craig Hansen did a great job appraising our downtown Mpls condo, prompt on all appointments and walk through. He was very thorough in documentation and comps for this real estate appraisal, fast final report, was supplied with digital and printed documents. I would highly recommend Craig for your real estate appraisals."
Response time2 days
Response rate100%
Recommended by100%of homeowners
Avatar for Edge Home Finance
Edge Home Finance
5.0(
27
)
Appraisal - Real Estate

Serving Braham, MN and surrounding areas

In business since 2011

Free estimates

Emergency services offered

"We worked with Tom at Edge Home Finance after our first lender gave us some difficulty with the appraisal. Tom coordinated a new appraisal and had the loan ready to close in record time. There weren't any snags in the underwriting process and communication was fast and accurate."
Recommended by100%of homeowners
Avatar for Mauzy Properties
Mauzy Properties
5.0(
5
)
Appraisal - Real Estate

Serving Braham, MN and surrounding areas

Free estimates

Emergency services offered

"We have been working with Chris for a little over four years. As a rental property manager he's phenomenal: He understands how important it is to keep both our tenants and ourselves happy and informed. No matter what day it is, whether it's a Sunday or a holiday, Chris will promptly respond to requests from either tenants or owners. His crew is also great at responding on issues with our tenants. He will not bother you with little stuff, he'll just get things done... But if he believes you need to be aware of a major repair or replacement, he'll request approval from you. His judgement on these kind of decisions has been flawless. He's fully earned our complete trust in him. While we've only had him as our property manager, we recommended him to my dad and I witnessed his unbelievable skills as a real estate agent. He promised my dad his house would sell on a certain timeframe and he delivered. He also helped my dad negotiate on his new home and now manages my dad's rental too. I hear many compliments coming from my dad all the time, the compliments that represent what we already knew about him: proactive, transparent, efficient, no-nonsense, honest, respectful and friendly. We are very lucky to have Chris as our property manager. You can rest assured he'll always be on top of things and keep you and your tenants happ"
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

Yes, experienced appraisers handle a variety of property types with tailored methods.

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.

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.

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 Braham, MN homeowners’ guide to property appraisals

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