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

Serving Oneonta, 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
Property Appraiser questions, answered by experts

Estate shutters are considered a high-end window treatment that increases home value. As previously mentioned, this project comes with an ROI of up to 75%. Shutters can also improve your home’s energy efficiency, especially if you choose PVC or faux wood shutters, which will lead to long-term savings on your energy bills.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

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.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

Costs depend on the property size, audit complexity, and whether additional testing (e.g., blower door) is included.

The Oneonta, NY homeowners’ guide to property appraisals

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