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

Serving Waubeka, WI and surrounding areas

In business since 2004

Free estimates

"Promptly arranged appointment for needed real estate appraisal. Arrived on time, and very personable. Deanna had done her homework on the property prior to the appointment. I would highly recommend her if you need an appraisal."
Response time7 hrs
Recommended by100%of homeowners
Brian Butcher Appraisals
5.0(
3
)
Appraisal - Real Estate

Serving Waubeka, WI and surrounding areas

In business since 1994

Free estimates

"Brian Butcher got back to me very quickly after contacting home advisor. He responded quickly to all my messages. He came to do the appraisal on my schedule. He was prompt for the appointment and had done his homework on my property before the appointment. He was friendly and efficient. The appraisal report was completed when he said it would be. The appraisal was thorough and priced fairly. I would absolutely recommend appraisals by Brian Butcher."
Response time1 day
Recommended by100%of homeowners
Avatar for ValCore Appraisal, LLC
ValCore Appraisal, LLC
5.0(
2
)
Appraisal - Real Estate

Serving Waubeka, WI and surrounding areas

In business since 2015

Free estimates

Credit card accepted

At ValCore Appraisal LLC is a commercial and residential real estate appraisal and consulting firm servicing Southeastern Wisconsin and Northeastern Illinois. \n \nWe provide the following real estate-related services: 1.) Valuation, 2.) Consulting, 3.) Litigation Support/Expert Witness Testimony, and 4.) Appraisal Review \n \nGive us a call and in no time and we will be out there to let you know the value of the home or commercial property you are looking to buy or sell!

Exterior of Single-Family Residence
8-Unit Apartment Complex
3-Unit in West Milwaukee
Lakefront Estate in Ozaukee County, IL
Single-Family Residence in Greenfield, WI

+7

Response time10 mins
Response rate100%
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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. 

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

Mobile homes weigh anywhere between 45 to 50 pounds per square foot. Some newer options weigh up to 70 pounds per square foot. An average single-wide mobile home weighs 45,000 pounds, and a double-wide mobile home weighs about 70,000 pounds. Triple-wide mobile homes range from 90,000 to 100,000 pounds.

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 Waubeka, WI homeowners’ guide to property appraisals

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