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Chamberlain Appraisal Services
3.0(
6
)
Appraisal - Real Estate

Serving Prattsburgh, NY and surrounding areas

In business since 1987

Credit card accepted

"Mr. Chamberlain was knowlegable, experienced, prompt and excellent appraising waterfront property. Unlike people with a certificate and no experience doing appraisals off Zillow, he checked out comps befoe he came here and didn't use artificial intellegence. I would recommend him to anyone wanting an accurate property appraisal. And he was patient and friendly as well."
Response time3 days
Recommended by50%of homeowners
Property Appraiser questions, answered by experts

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

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.

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 Prattsburgh, NY homeowners’ guide to property appraisals

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