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Curry
4.0(
2
)
Appraisal - Real Estate

Serving Bayard, NM and surrounding areas

In business since 2000

Emergency services offered

Warranties offered

"Great- we started in the kitchen, went to the baths, and throughout the entire house.  He tested every appliance, checked level of floors, checked fireplace, tiles on floors, inspected heating system, windows, doors, looked at roof, yard, foundation, and had some great suggestions on repairs and improvements.  Great job."
Recommended by100%of homeowners
Real Estate Agents questions, answered by experts

Adding a detached garage can increase the home's value by a healthy amount, provided it's well-constructed, permitted, and inspected. The return on investment for a detached garage depends on the structure's size and function, as well as its quality. On average, consumers who add a detached garage can expect their home's value to increase by between $12,000 and $36,000. 

Under the right circumstances, removing your popcorn ceiling can have a favorable ROI exceeding 80%. The ROI depends on several factors, such as the size of your ceiling, where the texture is located in your home, the state of the housing market, and whether the ceiling contains asbestos.

No, the appraisal value comes from an appraiser and is a professional opinion of value based on property location and condition, while the market value is determined solely by what buyers are willing to pay for your home. Lenders normally use appraised values to ensure they’re staying within target loan-to-value (LTV) ratios—the market value is simply what the home sells for. Appraised value can sit above or below market value.

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

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.

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