Homes Appraiser » Should

Are There Any Good Reasons Why I Should Not Appeal The Value That My County Has Set For My Home?

Rob — Sun, 13 Dec 2009 11:57:10 +0000

The annual notice I received from my county (which affects my property taxes) has my home “valued at” $161,800. I know for a fact that it would not sell for anywhere near that (might be able to sell it for closer to $140,000 if all necessary repairs were done…repairs would cost around $5K). I feel I have good reason to appeal this, but I’m curious if there are any drawbacks to going through the appeal process and potentially lowering the apraised value?
My home is the largest and most updated in the neighborhood (and that’s not saying much …all of the recent sales in the neighborhood have been near $130K.

What Percentage Of My Home Value Should I Invest In An Outdoor Living Area?

Rob — Mon, 23 Nov 2009 12:06:11 +0000

We recently received an estimate on an outdoor living area which totaled 15% of our homes value. Included concrete work, pergola, and outdoor kitchen (inexpensive grill I might add). This seems a little high to me. Also, what type of return do you typically see on outdoor living areas…We don’t plan on moving anytime soon but want to know.

Is There A General Rule Of Thumb Regarding How Much Rent Should Be Charged For A Home Based On It’s Value?

Rob — Thu, 29 Oct 2009 12:30:45 +0000

I am wondering if there is any sort of general formula for basing how much the monthly rental amount should be for a home, based on the home’s overall estimated value. In otherwords, aside from the fact that certainly a landlord can charge whatever they wish for rent, is there any sort of standard percentage of the home value that is reasonable to be charged?

What Should I Do Before A Home Appraisal?

Rob — Wed, 19 Aug 2009 12:07:33 +0000

Im in the middle of an appraisal and I need to rise the price of my home about 10,000 dollars in order for them to drop the PMI and the extra fees that come along with not owning 20% of the property. I already finished off a 12 by 12 room above the garage and we added new Appliances in the kitchen but for the most part that is it. Does anyone think that will be enough?

How Long, From The Time Ordered, Should An Average Bank Home Appraisal Take?

Rob — Wed, 05 Aug 2009 12:38:35 +0000

Hi there, my Husband and I are anxiously awaiting the results of our bank’s home appraisal for our new home. Everything else is ready to go, we’re just waiting on the appraisal so we can get papers ready to sign and move into our house. The mortgage company told us they put the order in for an appraisal over a week ago – how many days does it take before the appraiser actually gets to our house and finishes up his report? We’re excited and ready to move forward! Lol* Thanks for any help anyone can offer.