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TRUSTED BY CRYSTAL, MN HOMEOWNERS

  • Average homeowner rating star icon4.2
    Average homeowner rating
  • Verified reviews icon27
    Verified property appraisals reviews

Find Property appraisers in Crystal

Avatar for Parkway Appraisals, Inc.
Parkway Appraisals, Inc.
4.8(
67
)

Serving Crystal, MN and surrounding areas

Approved

Super Service Award Winner

In business since 2008

Free estimates

Credit card accepted

"Tim understood what I needed in terms of a retrospective appraisal of a property we acquired a number of years ago. He was upfront about the timeline and the cost and delivered as expected. He always promptly answered my calls. I cant speak to the document itself as we have not filed taxes yet but I was pleased with my interactions with Tim and expect the documents will meet our needs."
Response time11 hrs
31 neighbors recently requested a quote
Recommended by92%of homeowners
Avatar for KNR Realty & Appraisal, Inc.
KNR Realty & Appraisal, Inc.
New to Angi

Serving Crystal, MN and surrounding areas

Approved

In business since 2001

Free estimates

Small jobs welcome

KNR Realty & Appraisal, Inc. is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade combined with ability is what makes us true professionals. Above all, we are watchful of our customers' interests, and make their concerns the basis of our business.\n\n

Response time3 hrs
Avatar for Edge Home Finance
Edge Home Finance
5.0(
27
)

Serving Crystal, MN and surrounding areas

In business since 2011

Free estimates

Emergency services offered

"Tom and Caliber were fast and efficient, making the process seamless and painless. They executed on the timeline and got us a more competitive interest rate. There is no other broker I would work with!"
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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. 

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.

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

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.

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 Crystal, MN homeowners’ guide to property appraisals

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