"Michael was professional and a pleasure to work with. His appraisal was very detailed and provided me all the information I needed to make an informed decision. I needed a very quick turnaround and Michael understood and provided just that. I would definitely use this company again!"
"I am an attorney, and as part of that, I have hired them on behalf of my clients more than once. With those being the stakes it is critical that the appraisal be accurate and held to a very high standard. I am glad to have found Bodine Appraisal Services and Jason Bodine because they have consistently provided expertly done appraisals, on-time, and with excellent professionalism to boot. I will hire them again without hesitation and I can similarly recommend them."
"My experience with Hilton Realty Advisors was fine. They will actually tell you what's appropriate as opposed to what you want to hear and I respect that. They were very knowledgeable."
Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.
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.
As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal.
In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.
A koi pond may add value to your home if it’s a feature sellers are looking for. Like pools, ponds can affect your property value depending on their condition, whether they’re a popular selling point, and how well they’re incorporated into your home’s landscape.
Around 1-2 weeks, including inspection and reporting time for an official evaluation.
The Aurora, TX homeowners’ guide to property appraisals
From average costs to expert advice, get all the answers you need to get your job done.
Home appraisals are an important part of buying or selling a home and getting a mortgage loan. Learn more about home appraisal costs and what they include.
FHA loans are backed by the government and come with specific FHA appraisal guidelines and requirements. Learn what an FHA appraisal entails in this guide.
