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Avatar for Bowden Appraisal Group, Inc
Bowden Appraisal Group, Inc
4.4(
131
)

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

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

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

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.

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.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

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.