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Avatar for Cedar Creek Appraisal LLC
Cedar Creek Appraisal LLC
5.0(
3
)
Appraisal - Real Estate

Serving Pewaukee, WI and surrounding areas

In business since 2004

Free estimates

"They did a detailed job of appraising my property and (at my request) pointing out items that could be fixed or corrected to help increase the property's value if they were acted on. The appraisals were only for my knowledge of the value and were not needed by any banks or for any other considerations other than the sale price. I had them do an appraisal of the "as-is" value as well as a second one for "after-repaired-value" so I could see if renovations were worth the cost vs benefit. Because of this approach, and the suggestions for improvement, I have a much more solid idea of what I want to do with the property in preparation for sale. Thank you for the help! :-)"
Response time7 hrs
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

The condition and appearance of your yard can affect your home appraisal value. A well-maintained, attractive yard with curb appeal adds to a property’s value, while an overgrown, messy, poorly maintained yard can hurt your home’s appraisal. Even small cosmetic improvements to your yard, like adding mulch, trimming trees, and cleaning out plant beds, can help your appraisal value.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

The Pewaukee, WI homeowners’ guide to property appraisals

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