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Avatar for Charlotte Home Appraisal
Charlotte Home Appraisal
5.0(
20
)

Serving Lowell, NC and surrounding areas

In business since 2021

Free estimates

Emergency services offered

"Excellent and knowledgeable appraiser extremely responsive, personable and professional. I have used him for several properties and will continue to use him and refer him out!"
Professional Seal
Response time12 hrs
Recommended by100%of homeowners
Preferred Appraisals, LLC
4.8(
4
)

Serving Lowell, NC and surrounding areas

In business since 2000

We're a locally owned and operated company that values honesty and integrity and treats your home as if it were our own. We offer over 20 years of industry experience and a variety of home appraisal services that are customizable to each individual home. We specialize in real estate appraisals. We look forward to building lasting relationships and guarantee your satisfaction!\n\n

Response time1 day
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

In most cases, you can expect home automation to boost your home value. This technology makes the homeowner’s life easier and more comfortable, and some provide increased safety and protection. Buyers will likely recognize value in security systems and utility monitors, as well as comfort-focused upgrades that save on electric bills while keeping interior rooms at the desired temperature and humidity. On average, you can expect a 50% and 75% return on investment on home automation services, and potentially even more if the automation reduces homeowner’s insurance.

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.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

The Lowell, NC homeowners’ guide to property appraisals

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