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

Serving Westerly, 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
20 neighbors recently requested a quote
Recommended by98%of homeowners
Durette Appraisals, Inc.
5.0(
2
)
Appraisal - Real Estate

Serving Westerly, RI and surrounding areas

In business since 1993

Free estimates

Durette Appraisals, Inc. is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of the real estate market combined with ability and 25 years experience is what makes us true professionals. Above all, we are watchful of our customers' interests and make their concerns the basis of our business

Response time10 mins
Recommended by100%of homeowners
Stephanie Soscia Appraisal Services
4.5(
2
)
Appraisal - Real Estate

Serving Westerly, RI and surrounding areas

In business since 2003

Stephanie Soscia is your best resource for appraisal service in the Cranston area! She values all of her clients and has been providing expert service in all of Rhode Island for years. Stephanie loves her home town. Don't underestimate the worth of finding a true professional to do your next appraisal; call today to schedule an appointment!

Response time2 hrs
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

Whether or not new windows increase property taxes depends on where you live and by how much your upgrade increases your home’s value. Smaller projects likely won’t result in increased property taxes, but it’s always a good idea to err on the side of caution and check. Contact your local county appraisal department for the most accurate information about property taxes in your area. 

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 Westerly, RI homeowners’ guide to property appraisals

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