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Avatar for Somich & Associates, Inc.
Somich & Associates, Inc.
4.6(
16
)
Appraisal - Real Estate

Serving Marcy, NY and surrounding areas

In business since 1996

Free estimates

"Peter Somich was very competent, efficient, and thorough assessor. The appraisal was completed quickly and professionally and sent via email. I highly recommend Somich and Associates."
Response time3 days
Recommended by100%of homeowners
Allen Appraisal Service
New to Angi
Appraisal - Real Estate

Serving Marcy, NY and surrounding areas

In business since 1989

Offers commercial services

Allen Appraisal Service has been business for over 30 years. We take pride in every job that we do and form lasting relationships with our clients. We look forward to earning your business, call today for a free estimate! \n \nPast President of Mohawk Valley Association of Realtors \nCurrent State Director of Mohawk Valley Association of Realtors \nVA and FHA certified

Response time10 mins
Property Appraiser questions, answered by experts

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

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

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

The Marcy, NY homeowners’ guide to property appraisals

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