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Avatar for Vandalay Management
Vandalay Management
5.0(
9
)

Serving Mapleton, UT and surrounding areas

In business since 2002

Free estimates

"Wonderful appraiser! Jeff was quick and efficient and was able to get us the appraisal super fast which was what we needed. Friendly and professional!! I’d use him again."
Herriman 2 Story
Lehi Townhome
Lehi Rambler
Holladay Custom Estate
Bluffdale 2 Story

+14

Response time4 hrs
Response rate92%
Recommended by100%of homeowners
Showing 1-10 of 22
Real Estate Agents questions, answered by experts

Insurance companies weigh the amount of potential liabilities on your property to increase (or decrease) the cost of your home insurance. They will use several factors to decide if there are more chances for peril or injury to take place at your home. These factors include your location (whether you live in an area with high risk for natural disasters), the age and condition of your home, and whether you have any “attractive nuisances”—features that both increase the aesthetic of your home and potential for injury—like a pool or treehouse. 

Craftsman-style homes are predominantly found in the Western United States, specifically in Southern California, where the style originated. Since the climate was mild and there was access to plenty of natural resources, Southern California became a hub for this style at its inception. That being said, if you consult with an architect near you, you can have a Craftsman-style home anywhere.

Modular homes can go up or down in value depending on a few factors. In areas where real estate is appreciating, the value of modular homes is likely to increase, and vice versa. Additionally, the value of modular homes depends partially on the area. In cities where every other home is stick-built, modular homes might be considered a functional obsolescence, in which case they could be less desirable and go down in value. In either case, though, modular homes can still be a good investment, especially since they provide housing at a lower upfront cost.

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

Appraisals do not come with warranties but are considered accurate at the time of assessment. Market changes can affect values.

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