Is it worth buying and remodeling an old house?

• <div><p>Yes, it could be worth buying and remodeling an old house. You can potentially purchase an older house for a lower price than a newer house. With less of an upfront investment, you can devote more of your budget to the remodeling work. If you’re thinking of remodeling an old house and then reselling it—called house flipping—focus on projects that deliver the <a href="https://www.angi.com/articles/remodeling-projects-highest-roi.htm">best ROI for home improvements</a>. </p></div>

Can I be present during the home appraisal?

• <div><p>You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.</p></div>

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Q: How much does a home appraisal cost?

• <div><p><a href="https://www.angi.com/articles/how-much-does-home-appraisal-cost.htm">Home and property appraisals cost</a> about <b>$355</b> on average, ranging from <b>$250 to $500</b>, depending on the size of the home and property, age of the property, comparability to nearby homes, and location. While single-family homes typically cost between $300 and $400 to appraise, multi-family home appraisal can cost $500 to $1,000 due to the increased size and building complexity.</p></div>

Q: Is the appraisal value the same as market value?

• <div><p>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&rsquo;re staying within target loan-to-value (LTV) ratios&mdash;the market value is simply what the home sells for. Appraised value can sit above or below market value.</p></div>

Q: Can I be present during the home appraisal?

• <div><p>You can be present during a home appraisal, but it&rsquo;s best to stay out of the appraiser&rsquo;s way. Make yourself available, but don&rsquo;t engage or interrupt, and don&rsquo;t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.</p></div>

Q: How much can I borrow for a home addition?

• <div><p>While there&rsquo;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.</p></div>

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Verified Reviews for Real Estate Service pros in Berino, NM

*The Angi rating for Real Estate Service companies in Berino, NM is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

*The HomeAdvisor rating for Real Estate Service companies in Berino, NM is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

Last update on November 12, 2025

Reviewed in March 2024
The team did an excellent job repairing siding on the front of our house and installing new gutters. Alberto takes real care in ensuring an excellent outcome for his customers and I'd have no hesitation in recommending him and his company.
Ideal Siding San Antonio
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Reviewed in June 2017
It was okay, I don't think it was anything fantastic or great or anything like that, but it was okay. The toilet was running, and I had bought something to put it in and try to fix it myself, but it didn't work. So, they came out and they did fix the toilet and they did a good job. So, it was...
Surety Plumbing Inc
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Reviewed in September 2016
If you are reading this review, listen closely: THIS MAN IS THE REAL DEAL!! Don't think it over, take your vehical to Ed Larcom's Garage. He will do an excellent job and honest price. D. Duenez
ED LARCOM'S GARAGE
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Reviewed in July 2016
They came right away and took care of me and it worked out real good. They were reasonably priced.
Smith Johnston's Casa Plumbing
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Reviewed in July 2016
Oasis came and did some real problem-solving with us, and we haven't had a problem since then. We called early on a monday morning, and owner was with us a couple of hours later, willing to work through the problem to its successful resolution. The price was fair, personnel were amiable and...
OASIS PLUMBING REPAIR CO
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Reviewed in June 2015
Rose does a fantastic job and cleans my home like it's her own! I am so fortunate to have found her and look forward to a continued relationship. She is trustworthy, can operate autonomously and is very thorough! She's a real find!
Rosario Cleaning Service
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Reviewed in February 2015
He was real good and I highly recommend him. It turned out well. He works real hard, he had to juggle jobs and he wasn’t able get to me right away but he did a good job and finished when he said he would. He travels all the way from the east side to the west side of town and worked at night...
A+ Cabinets & Construction
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Reviewed in April 2013
I was assigned an agent from this office because of the area I was looking at and the price I was willing to pay. He was supposedly an expert with foreclosures. The agent (Steve Mauer) seemed decent at first but turn ugly quicky. I told him I was pre-approved for a loan and that we were in a...
Kevin Miller - Coldwell Banker
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Reviewed in September 2012
They were prompt in scheduling my appointment and were on time to meet with my Allstate Insurance Agent. They walked my roof with my insurance agent and took the time to detail everything that needed to be done on my roof, which turned out to be full roof replacement as my roof had suffered...
Tallent Roofing Inc
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Reviewed in October 2009
This real Estate sent us to look at a home without him never offered to meet us at the address and then on the following day sent an e mail asking if we liked the property. He also never offered to show us any other properties. He scheduled an appointment at a home that I was thinking of...
Alejandro Contreras - Century 21 Associates
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Raintree Village Apartments

Raintree Village Apartments

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CreditGuard of America

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Cathy Few - ACT Realty

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Carla Smith-KW Real Estate Agent

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Claudia Hargrove Coldwell Banker Real Estate

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The Real Estate Power Houses

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Anycasa Realty

The Berino, NM homeowners’ guide to real estate services

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