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Avatar for Cube Home & Commercial Inspections & Appraisal Svs
Cube Home & Commercial Inspections & Appraisal Svs
5.0(
4
)
Appraisal - Real Estate

Serving Underhill, VT and surrounding areas

In business since 2009

Free estimates

Emergency services offered

"For those of you already weary from reading the first part, I will give you a break. Mr. Lampro is One Spectacular Professional. For the rest of you, read on. For me, professionalism is having the expertise to do the right thing in the right way at the right time. I understand
that people need to make a living but if you are ?professionally reputable? you not only demonstrate that you possess a qualified skill-set and knowledge base, you exhibit an enthusiasm for doing the best job possible. You are not only polite but you feel a responsibility to ?partner? with your client in a complete and thorough discussion of your work. Everyone purchasing real estate has heard somewhere the phrase ?caveat emptor.? To that I would add,? You don?t always get what you pay for, but you rarely get more.? Mr. Lampro is one of those professionals who give you everything they?ve got, and in my estimation, something more. He fully met and exceeded my expectations. Not only did I get an extremely thorough report, I got an education and the peace of mind I needed to decide that at this age I know my limitations. I decided that I couldn?t even make an offer on the property. 

"
Vermont
Certified Licensed Inspectors
Certified Licensed Inspectors
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

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.

Yes, experienced appraisers handle a variety of property types with tailored methods.

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.

The Underhill, VT homeowners’ guide to property appraisals

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