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Wendy Fitzgerald
2.8(
2
)
Appraisal - Real Estate

Serving Bath, 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

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 differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

A comprehensive smart home system can be really attractive to buyers and increase the value of your property. Components such as a smart security system, smart lawn and garden systems, and smart appliances can all drive up the value of your property.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

The Bath, SC homeowners’ guide to property appraisals

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