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Avatar for AD Brown Appraisals
AD Brown Appraisals
5.0(
11
)
Appraisal - Real Estate

Serving Broadway, VA and surrounding areas

In business since 1995

Free estimates

Offers commercial services

Alan is the leader in providing our customers with the highest quality service in an honest, efficient, and professional way. Our pledge is to create successful relationships with our customers, employees and community by building trust, treating every project with the utmost integrity and exceeding expectations. We look forward to working with you!\n

2 neighbors recently requested a quote
Recommended by88%of homeowners
AD Brown Appraisals
5.0(
11
)
Appraisal - Real Estate

Serving Broadway, VA and surrounding areas

In business since 1995

Free estimates

Offers commercial services

Alan is the leader in providing our customers with the highest quality service in an honest, efficient, and professional way. Our pledge is to create successful relationships with our customers, employees and community by building trust, treating every project with the utmost integrity and exceeding expectations. We look forward to working with you!\n

1 neighbors recently requested a quote
Recommended by88%of homeowners
Avatar for Valueit
Valueit
5.0(
5
)
Appraisal - Real Estate

Serving Broadway, VA and surrounding areas

In business since 2001

Free estimates

Credit card accepted

"Brenda is a wealth of knowledge regarding appraisals and I highly recommend her. Appraisals are complicated and she is great at explaining how she came to her value and why certain comps are used over others."
Response time7 hrs
Recommended by80%of homeowners
AD Brown Appraisals
5.0(
1
)
Appraisal - Real Estate

Serving Broadway, VA and surrounding areas

In business since 1995

Free estimates

Credit card accepted

"Alan Brown demonstrated exceptional professionalism, thoroughness, and attention to detail throughout the appraisal process. His clear communication, fairness, and deep market knowledge made the experience smooth and stress-free. He delivered a well-researched, accurate report in a timely manner, and went above and beyond to ensure every question was answered. I would highly recommend Alan to anyone in need of a trustworthy, knowledgeable, and dependable appraiser."
Response time5 hrs
Property Appraiser questions, answered by experts

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

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.

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.

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

The Broadway, VA homeowners’ guide to property appraisals

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