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Avatar for Sarah Whyler
Sarah Whyler
5.0(
6
)
Appraisal - Real Estate

Serving Reading, PA and surrounding areas

Approved

In business since 2019

Free estimates

Offers commercial services

Sarah Whyler is a local appraiser, born and raised in Lancaster County. Sarah provides residential appraisal services in south-central Pennsylvania. Prior to becoming licensed, Sarah worked as an administrative professional in two different appraisal offices, preparing and reviewing appraisal files.

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Property Appraiser questions, answered by experts

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

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.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

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.

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 Reading, PA homeowners’ guide to property appraisals

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