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Avatar for Bowden Appraisal Group, Inc
Bowden Appraisal Group, Inc
4.4(
131
)
Appraisal - Real Estate

Serving Shepherd, TX and surrounding areas

Approved

In business since 1994

Free estimates

Credit card accepted

"Called and they were able to come out within the next couple of days. Needed them to perform a measurement appraisal in order to fight the incorrect square footage that the appraisal district had on my property. Using the report they supplied I was able to get the appraisal district to make the corrections and lower my district's value of my property in turn lowering my property taxes. Recommend to everyone to have them check the accuracy of the square footage the appraisal district is showing and use a service like Bowden's to get the information needed to get it corrected."
Recommended by91%of homeowners
Property Appraiser questions, answered by experts

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

The Shepherd, TX homeowners’ guide to property appraisals

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