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Property Appraiser questions, answered by experts

They provide objective, third-party valuation, guiding fair sales or purchase prices.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

If you can’t find any records online, you’ll need to contact your county clerk’s office to do further research. They should have property records on file, or can at least point you in the right direction of who to contact. You can also speak with your neighbors about when their houses were built because they were likely built around the same time.

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

Although the exact return on your investment will depend on the size, style, and quality of your awning, in general, awnings do add resale value to a house by providing more usable space. If an awning doesn’t do much in the way of monetary gains due to its low installation costs, it promises to provide an excellent appeal factor to a potential home buyer.

The Radium Springs, NM homeowners’ guide to property appraisals

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