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Property Appraiser questions, answered by experts

Typically during transactions or refinancing, or whenever significant improvements are made.

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.

Costs depend on the property size, audit complexity, and whether additional testing (e.g., blower door) is included.

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

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

The Crewe, VA homeowners’ guide to property appraisals

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