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

Serving Mound, MN and surrounding areas

Approved

Super Service Award Winner

In business since 2008

Free estimates

Credit card accepted

"Tim was great. Very friendly, punctual, good customer service. The actual property appraisal itself (very subjective in nature), I felt, was quite low in value compared to what I expected. I was expecting my property to appraise much higher. Thankfully, I stuck with my gut when listing my home for sale."
Response time11 hrs
32 neighbors recently requested a quote
Recommended by92%of homeowners
Avatar for Mill City Appraisals, LLC
Mill City Appraisals, LLC
4.7(
16
)

Serving Mound, MN and surrounding areas

Approved

In business since 2021

Free estimates

Credit card accepted

"Kyle did a great job. He came in with a credible appraisal that allowed us to avoid an outrageously high proposed increase in valuation. We were the able to work with the city to agree on a "concurrence" - an agreed valuation. He also was very respectful of us and our property while doing the appraisal."
Response time4 hrs
6 neighbors recently requested a quote
Recommended by100%of homeowners
Avatar for Edge Home Finance
Edge Home Finance
5.0(
27
)

Serving Mound, 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
Showing 1-10 of 39
Property Appraiser questions, answered by experts

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.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

Estate shutters are considered a high-end window treatment that increases home value. As previously mentioned, this project comes with an ROI of up to 75%. Shutters can also improve your home’s energy efficiency, especially if you choose PVC or faux wood shutters, which will lead to long-term savings on your energy bills.

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 Mound, MN homeowners’ guide to property appraisals

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