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TRUSTED BY RIVERSIDE, RI HOMEOWNERS

  • Average homeowner rating star icon4.6
    Average homeowner rating
  • Verified reviews icon26
    Verified property appraisals reviews

Find Property appraisers in Riverside

Avatar for Cullen Real Estate and Appraisal Company
Cullen Real Estate and Appraisal Company
4.9(
444
)

Serving Riverside, RI and surrounding areas

Approved

In business since 1990

Free estimates

Emergency services offered

"Cullen RE responded quickly and professionally on hone advisor. I hired them to perform a RE appraisal during the tough Covid-19 times. They worked around this by going to my property and inspecting while I stayed home. I received my appraisal quickly. I would use them again."
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Land Appraisal

+3

Response time4 hrs
26 neighbors recently requested a quote
Recommended by98%of homeowners
Avatar for Distinctive Painting
Distinctive Painting
4.8(
163
)

Serving Riverside, RI and surrounding areas

In business since 2000

Free estimates

Credit card accepted

"I had Distinctive Painting paint to entire upstairs of my home. The job consist of all the ceilings, walls, trim, doors, baseboard and minor dry wall repair. Mario did a fantastic job on the trim, I was surprised he could paint that close to our hardwood floors and carpets without touching any of them. He correct all the cracks and repaired all screw holes in the drywall and the walls and ceiling looks great. The price was comparable to other quotes that I got. Overall my wife and I were very pleased with his work and will use again."
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+6

Recommended by94%of homeowners
Avatar for New England Home Renovations LLC
New England Home Renovations LLC
4.0(
311
)

Serving Riverside, RI and surrounding areas

In business since 1983

Free estimates

Emergency services offered

"Excellent communications before our appointment and honest appraisal of the property advising us to find something else needing less work (less money for him).  He pointed out many things we missed in our first look at the property.  Very invaluable and we will use him in the future"
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New boiler install
Removal of cast Iron to PVC.
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+37

Recommended by89%of homeowners
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Property Appraiser questions, answered by experts

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

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

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.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

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 Riverside, RI homeowners’ guide to property appraisals

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