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

Serving Syracuse, 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
ATAV Appraisals
4.3(
5
)
Appraisal - Real Estate

Serving Syracuse, NY and surrounding areas

In business since 1988

Free estimates

ATAV Appraisals is a well-respected provider of residential appraisal services in central NY, including Onondaga, Madison and Oswego counties. Our objective is to provide quality appraisals with the highest ethical standards in the shortest possible time. \nOur clients are lending institutions, government agencies, accountants, attorneys, realtors, homeowners and employment relocation companies. We are approved by HUD and the Employment Relocation Council. We are a member of the Greater Syracuse Chamber of Commerce, the Appraisal Institute and the Greater Syracuse Association of Realtors.\n\nyou may check our website at atavappraisals.com

Response time1 day
Recommended by100%of homeowners
Jason House
5.0(
1
)
Appraisal - Real Estate

Serving Syracuse, NY and surrounding areas

In business since 2001

Free estimates

Credit card accepted

We pride our company on reliability, great communication, integrity, and quality work. We are experts in our trade and will do our best to keep you as educated as we can on your particular task or project. We look forward to earning your business! Book with us online or feel free to give us a call today!

Response time3 days
Recommended by100%of homeowners
MJM Real Estate & Appraisal Services
3.4(
6
)
Appraisal - Real Estate

Serving Syracuse, NY and surrounding areas

In business since 2000

Free estimates

Credit card accepted

We take great pride in our experience, expertise, quality and customer service that we provide to meet the consumers' needs. It is our mission to provide excellent workmanship and complete customer satisfaction from start to completion of a project. In order to understand the needs and expectations of our customers, we take great care to work and communicate with every customer in a professional manner. Our reputation is based on service, safety and quality, regardless of how large or small the job. Unable to do mortgage appraisals do to strict banking guidelines.

Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

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.

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

The Syracuse, NY homeowners’ guide to property appraisals

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