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ADVANTAGE REALTY GROUP INC

2573 BROAD ST
5.00(
1
)

ADVANTAGE REALTY GROUP INC

2573 BROAD ST
5.00(
1
)
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Recommended by 100% of Angi customers
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Sumter's Largest Real Estate Office and # 1 Independently-Owned Real Estate Brokerage. Buy, Build, Sell or Rent We're All You Need! Our highly trained and experienced Realtors will guide you through the Home Selling or Purchasing process by providing excellent customer service. We provide guidance and experience necessary to see you through buying, selling or renting your home. Sumter's #1 Residential Home Builder, Gainey Construction Co. building homes in Sumter County for over 25 years.

Sumter's Largest Real Estate Office and # 1 Independently-Owned Real Estate Brokerage. Buy, Build, Sell or Rent We're All You Need! Our highly trained and experienced Realtors will guide you through the Home Selling or Purchasing process by providing excellent customer service. We provide guidance and experience necessary to see you through buying, selling or renting your home. Sumter's #1 Residential Home Builder, Gainey Construction Co. building homes in Sumter County for over 25 years.

Property Appraiser questions, answered by experts

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.

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. 

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.

While parts of the appraisal are out of your control, there are some things you can do to potentially raise the home’s value. You can make necessary repairs and upgrades before the appraiser visits—an appraiser can only value what is currently part of the home, not its potential. You can also provide the appraiser with the cost of recent upgrades. The appraiser will likely increase the value of your home by about 50% or more of what you paid for those improvements.

Home and property appraisals cost about $355 on average, ranging from $250 to $500, depending on the size of the home and property, age of the property, comparability to nearby homes, and location. While single-family homes typically cost between $300 and $400 to appraise, multi-family home appraisal can cost $500 to $1,000 due to the increased size and building complexity.

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The Gable, SC homeowners’ guide to property appraisals

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