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Avatar for On Time Realty Services, LLC
On Time Realty Services, LLC
4.4(
27
)
Appraisal - Real Estate

Serving Conesus, NY and surrounding areas

Approved

In business since 1997

Emergency services offered

Small jobs welcome

"On Time Reality Services performed an appraisal on my residential property. They were very professional, timely and helpful in my understanding of the process and explaining their reports."
Response time9 hrs
16 neighbors recently requested a quote
Recommended by95%of homeowners
Magin-Beach Appraisals
3.8(
10
)
Appraisal - Real Estate

Serving Conesus, NY and surrounding areas

Approved

In business since 1984

Free estimates

Customers say: Quick response

"We had a fairly challenging appraisal to be performed and it took longer than we expected to get the results back. Gloria did a very thorough job of documenting the appraisal and we were pleased overall with the completed appraisal. She was the only one who took the initiative to contact us directly from our inquiry for Appraisal and that meant something to us."
Response time10 hrs
Recommended by88%of homeowners
Property Appraiser questions, answered by experts

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

Installing a flagpole can improve your home’s curb appeal, so it will often have a modest positive impact on your property value. You’ll see a much larger bump in property value if you install a custom wooden flagpole than you would if you install a standard aluminum pole. Adding lighting to your flagpole will also have a positive impact on home value, as will trimming trees away from the new lawn addition.

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.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

The Conesus, NY homeowners’ guide to property appraisals

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