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Avatar for Capital Property Group
Capital Property Group
4.8(
9
)
Appraisal - General

Serving North, SC and surrounding areas

Approved

In business since 1999

Free estimates

Credit card accepted

"I've worked with numerous appraisers throughout the years that we have been in full time real estate investing. Like any profession, you have people who are good at what they do and then you have people who excel. Ms. Sharpe with Capitol Property Group excels. When our lender backed out of a loan at the last minute because their appraiser could not determine how to appraise a specific property, Ms. Sharp was the next appraiser who was chosen by a new lender. Although she encountered the same challenges as the first appraiser, she was able to use the same data available to him and everyone else and couple that with her expertise to determine a fair value for the subject property. Since then she is the first person I call when we have property appraisal needs. She has the heart of a teacher and will take the time to explain and answer any questions I have. She is knowledgeable about the local market and the sub markets within it. Her conclusions are firmly backed by data protecting both the lender and the buyer."
Letter of Referral
Letter of Referral
Letter of Referral
Response time1 day
Response rate96%
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Antiques and Jewelry Appraisals 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.

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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

The North, SC homeowners’ guide to antique and jewelry appraisals

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