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Avatar for Dorman Appraisal Group
Dorman Appraisal Group
5.0(
3
)

Serving Elmo, TX and surrounding areas

Approved

Small jobs welcome

"All went smooth did as we asked and very happy with how quick he completed the work. We are glad we decided to get an appraisal before selling. It helped make sure we where getting the most for our home."
44 neighbors recently requested a quote
Avatar for The Matt Hilton Group- Step Up Realty
The Matt Hilton Group- Step Up Realty
5.0(
12
)

Serving Elmo, TX and surrounding areas

In business since 2006

"My wife and I recently sold our home with Hilton Realty Advisors and are now finishing the buying process.  Matt is a pleasure to work with. He is always upbeat, and ready for a challenge. He is very responsive to phone calls and emails regardless of time or day. Matt is prepared to answer the tough questions and give you honest answers. He is your advocate from the beginning to the end of the process. Matt has superior knowledge and is well respected among his peers. Matt demonstrates a love for his profession, his clients, and for his community. His firm?s dedication to serving the community was one of the things that made us choose Matt. We would have no hesitation in recommending Matt to family or friends for any real estate needs large or small. We both will consider Matt a friend long after this process is over.

-Aaron, McKinney TX"
Matt's New Headshot
Recommended by100%of homeowners
Avatar for Kitchen & Bath Renovations
Kitchen & Bath Renovations
4.7(
21
)

Serving Elmo, TX and surrounding areas

In business since 2003

Free estimates

Credit card accepted

"perfect! Stan and his crew got in and out quickly and my kitchen remodel looks better than I ever dreamed. He is focused on quality work and attention to detail. They left the house super clean."
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+85

Recommended by95%of homeowners
Avatar for A-1 Guaranteed Foundation Repair
A-1 Guaranteed Foundation Repair
4.8(
1,205
)

Serving Elmo, TX and surrounding areas

In business since 1998

Free estimates

Credit card accepted

"I've worked with several foundation companies over many years and they continue to price fairly. 3 other bids were asking for almost double estimated price. The process was fast and painless 1.) A1 examines the foundation and provides an estimate 2.) Professional Engineer is scheduled to re-examine the property and repairs (you get a discount on the $500 cost from A1) 3.) Schedule a time and A1 installed and adjusted all piers in a single day 4.) Same Engineer comes out to property to do a final inspection. Mariana, the assistant, is a sweet person to work with. Kevin, estimator, can talk about any subject for days."
Recommended by94%of homeowners
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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.

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.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

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.

Mobile homes weigh anywhere between 45 to 50 pounds per square foot. Some newer options weigh up to 70 pounds per square foot. An average single-wide mobile home weighs 45,000 pounds, and a double-wide mobile home weighs about 70,000 pounds. Triple-wide mobile homes range from 90,000 to 100,000 pounds.

The Elmo, TX homeowners’ guide to property appraisals

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