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Wendy Fitzgerald
2.8(
2
)
Appraisal - Real Estate

Serving Aiken, SC and surrounding areas

In business since 2004

CSRA Residential Appraisals knows what real estate is worth in Aiken, Edgefield and Barnwell Counties in SC as well as Richmond and Columbia Counties in Georgia.\n \n Contact us at 8036420178 to talk about your real estate appraisal needs today. \n\nAs a licensed appraiser, I posses the training and credentials to generate the level of reliable real estate value opinions that banks and top lending institutions need for mortgages. And with years of experience that only comes with doing the job, I am more than ready to help our clients with practically any type of real estate.\n\nHere are the types of valuations I do in addition to mortgage appraisals:\n.\n• Setting a home's listing price\n\n• Removing Private Mortgage Insurance\n\n• Tax Assessments (reducing property taxes)\n\n• Increasing your HELOC (Home Equity Line of Credit)

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Property Appraiser questions, answered by experts

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

The Aiken, SC homeowners’ guide to property appraisals

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