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Curry
4.0(
2
)
Appraisal - Real Estate

Serving Jarales, 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

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

As long as the home inspection reveals no problems with the property’s structure, it shouldn’t be an issue buying an underpinned home. In fact, a properly underpinned property can be more stable than houses that have never had structural issues. However, you could face a higher insurance premium if the property has a history of structural problems. You should always request a structural engineer’s report before making a final decision.

While LVP won’t increase home value as much as engineered hardwood, it can increase the value somewhat because it creates a warm and inviting aesthetic. It’s also durable and waterproof, so it can be appealing to homebuyers with pets and children. LVP is very low-maintenance, so that can also appeal to homebuyers who don’t want to spend a lot of time keeping up with an engineered or solid hardwood floor.

In most cases, no, a seller cannot negotiate after an appraisal if they signed an offer agreement. The only exception would be if there was a contingency in the offer that stated that the offer acceptance was contingent on the appraisal amount. If that’s the case, the seller can negotiate a higher sale price to match the appraised amount. If the appraised amount comes in below the sale price, both sides have to agree to negotiate, but there may be no other option since the buyer’s lender might not approve the higher amount.

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.

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