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A.M.R. Appraisals, Inc.
New to Angi
Appraisal - General

Serving Mentor, OH and surrounding areas

In business since 1985

Andy Socha, SCA has been in the Ohio area for over twenty five years. Senior Certified Appraiser & FHA Approved. Good Quality Results - Accurate, Professional. Reliable Valua- tions,Thorough Inspections,Defensible Opinions. Andy Socha is currently offering his appraisal services in Cuyahoga, Summit, Geauga, Lake, Lorain, Medina and Portage Counties. He is a dependable and affordable appraiser. Also Fore- closure & REO Experience. Divorce, Estates, Insurance Damage Settlements Experience. Confident that his hard work, dedication and honesty in the business are the most important reason that people have awarded him the opportunity to service them.

Antiques and Jewelry Appraisals questions, answered by experts

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

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

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 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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

The Mentor, OH homeowners’ guide to antique and jewelry appraisals

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