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TRUSTED BY ELYRIA, OH HOMEOWNERS

  • Average homeowner rating star icon4.6
    Average homeowner rating
  • Verified reviews icon35
    Verified property appraisals reviews

Find Property appraisers in Elyria

Jeff Caruso
4.0(
142
)

Serving Elyria, OH and surrounding areas

Approved

In business since 1991

Customers say: Quality work

"Jeff was on time and very easy to work with. Appraisal took approximately 45 min. He took numerous photoâ s of the home and measured where necessary.When done he stated that the appraisal would be finished in 5-7 days which it was. The appraisal was thorough and professionally prepared. It listed six comparable sales in the area with similar structural issues and square footage to support his appraisal value. I would not hesitate to use Caruso Appraisal Service again."
Response time6 hrs
14 neighbors recently requested a quote
Recommended by86%of homeowners
Avatar for Black Diamond Appraisals, LLC
Black Diamond Appraisals, LLC
5.0(
36
)

Serving Elyria, OH and surrounding areas

Approved

Super Service Award Winner

In business since 2019

Free estimates

Credit card accepted

"Todd was very professional. Arrived right on time. He was very thorough and provided the appraisal report within two days. I would highly recommend Black Diamond Appraisal."
Response time4 hrs
Response rate91%
1 neighbors recently requested a quote
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)

Serving Elyria, OH and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Marketplace Homes has managed two residential rental properties for me, and everything has always been very easy. They coordinate showings, negotiated rent with tenants, and hired contractors as needed at each property. I would use them for any rental property I have in the future!"
Recommended by77%of homeowners
Avatar for Erie Shore Appraisal Group
Erie Shore Appraisal Group
5.0(
2
)

Serving Elyria, OH and surrounding areas

In business since 2009

Erie Shore Appraisal Group, is committed to excellence in every aspect of our business. Our distinction is the quality of service and knowledge of the local real estate market.

Response time3 days
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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. 

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.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

If you can’t find any records online, you’ll need to contact your county clerk’s office to do further research. They should have property records on file, or can at least point you in the right direction of who to contact. You can also speak with your neighbors about when their houses were built because they were likely built around the same time.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

The Elyria, OH homeowners’ guide to property appraisals

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