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Find Property appraisers in Cambridge

Avatar for Edge Home Finance
Edge Home Finance
5.0(
27
)
Appraisal - Real Estate

Serving Cambridge, 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 Cambridge, 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

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.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

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.

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 average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

The Cambridge, MN homeowners’ guide to property appraisals

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