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Real Estate Agents questions, answered by experts

Yes, experienced appraisers handle a variety of property types with tailored methods.

They maintain profitability by setting competitive rental prices, reducing vacancies through effective marketing, and ensuring tenants renew leases by offering well-maintained properties.

By increasing square footage and functionality, resale appeal is enhanced.

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.

Local regulations dictate how big an ADU can be, and there may also be restrictions on the percentage of the main residence’s square footage an ADU can have. In most cases, an ADU must be smaller than the main residence, but check with your local building authority to confirm restrictions on ADU size.

The Tohatchi, NM homeowners’ guide to real estate services

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