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Catherine Joslin Coman Appraisals
4.8(
2
)
Appraisal - Real Estate

Serving Newbern, TN and surrounding areas

In business since 1992

Free estimates

Catherine Joslin Coman Appraisals specializes in providing professional real estate valuation services in the state of Tennessee. Appraisal reports are prepared with the precision that the industry demands, and all of our assignments comply with the Uniform Standards of Professional Appraisal Practice. We appraise all types of residential properties. With more than 25 years of appraisal experience in the state of Tennessee, Catherine Joslin Coman Appraisals has built its business on integrity, honesty, accuracy, and attention to detail. Call us today!

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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.

Costs depend on the property size, audit complexity, and whether additional testing (e.g., blower door) is included.

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.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

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 Newbern, TN homeowners’ guide to property appraisals

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