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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
72
)
Appraisal - Real Estate

Serving Ojo Caliente, NM and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"Did what was requested in a timely manner. No hassles which is exactly what a person needs when dealing with the loss of a spouse. This was specific for an estate appraisal. Not an appraisal to buy real estate. This is for estate tax purposes which is different. Thank you."
Restaurant
Response time5 hrs
Response rate89%
991 neighbors recently requested a quote
Avatar for Annex Builders Llc
Annex Builders Llc
5.0(
7
)
Appraisal - Real Estate

Serving Ojo Caliente, NM and surrounding areas

In business since 2023

Free estimates

Warranties offered

"Andres and his team enclosed the area under my balcony to make a screened porch, including laying pavers, building pony walls, and hanging two screen doors. They made sure they understood exactly what I wanted and completed the work quickly and professionally. They cleaned up the worksite before leaving each day. Genesis in the office was fantastic with communication. The new porch has already withstood a hail storm and high winds, and I'm very pleased with the quality of the work. I would definitely hire this company again."
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+56

Response time4 days
Response rate100%
Recommended by85%of homeowners
Real Estate Agents questions, answered by experts

Having a Level 2 charger can increase your home value, especially as electric vehicles become more popular. Homebuyers who have EVs or are interested in getting one will appreciate the convenience of a ready-to-use charging station. The added value can vary based on location and buyer preferences.

Some of the home repairs with the highest ROI that can improve appraised value include exterior paint, new exterior doors, new windows, landscaping, kitchen and bathroom renovations, new flooring, new interior paint, finishing a basement, home additions that add to the square footage, and replacing major components, like the roof, heating and cooling equipment, and the water heater. Upgrades to home energy efficiency are also a big hit with buyers and can add significantly to value, as are smart home integrations.

If a home's appraised value comes in lower than the offer price, it can create complications with financing. Lenders typically won't issue a loan for more than the property's market value, as this can push the loan-to-value (LTV) ratio too high and may prevent the loan from being approved. Your options depend on whether your purchase agreement includes an appraisal contingency. If there is no contingency, both parties may be locked into the deal, meaning the buyer pays more than the appraised value. If a contingency exists, the buyer can usually renegotiate the price or withdraw from the deal. If a buyer still wishes to proceed, they can try to negotiate a lower price, increase their down payment to cover the difference, or get a second appraisal.

Tiny homes may depreciate and be more challenging to sell because of their size, customization, and unique space. If your tiny home is on wheels, depreciation can happen in the same way that cars and RVs do. If your tiny home isn’t structurally sound, the resale value will also be lower. 

Adding a second story can increase the resale value of your home, but your cost-to-value ratio might not give you the return on investment (ROI) you were looking for. Also, there are factors to keep in mind that can impact the value of your home, such as market conditions, your neighborhood, curb appeal, and functionality. If you’re hoping this project will give you a significant ROI, talk with a realtor to see what potential increase you can expect and what you can do to maximize your home’s value.

The Ojo Caliente, NM homeowners’ guide to real estate services

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