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Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Mounds, OK and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
Avatar for Jones Realty
Jones Realty
3.7(
8
)
Appraisal - Real Estate

Serving Mounds, OK and surrounding areas

In business since 2002

Free estimates

"John Came out to appraise home the day after i called him. He is extremely thorough and personable. we are now able to proceed with purchasing this property. His prices are reasonable and i would recommend to friends and family."
Response time3 days
Recommended by85%of homeowners
Avatar for Measured Home Services
Measured Home Services
New to Angi
Appraisal - Real Estate

Serving Mounds, OK and surrounding areas

Free estimates

Small jobs welcome

Credit card accepted

Measured Home Services is your trusted partner in real estate appraisal in the Tulsa, OK area.\n\nWe offer services including Home Appraisals, Square Footage Measurements, and Appraisal Consultation to provide an accurate home value and assist in confident decision making.\n\nWe walk you through a detailed 360 Home Value Analysis and offer personalized support throughout the transaction process.\n\nWith our commitment to transparency, professionalism, and precision, we're the reliable choice for a hassle-free, accurate home appraisal in Tulsa, OK.\n\nWe believe you deserve to know how much your home is worth.\n\nMost people don't know who to trust and what information they really need to make an informed real estate purchase decision and are worried about making a purchase they will regret later.\n\nAt Measured Home Services, we show you how much your home is really worth so that you can have peace of mind in knowing you are getting the best deal.\n

Property Appraiser questions, answered by experts

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.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

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.

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.

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

The Mounds, OK homeowners’ guide to property appraisals

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