Appraisal Partners Blog

FEBRUARY 9, 2025

For Estate Planning and Settlement: Appraisals are essential for determining the value of real estate assets in estate planning and settlement processes. For Property Tax Assessments: While not directly related to buying/selling, property tax assessments are often based on appraised values.

Appraisal 78

Appraisal Property Taxes Inspection Sellers 78

Town & Country Residential Appraisals

AUGUST 14, 2023

If you have not purchased or refinanced recently, your homes value might have changed from where you thought it was just 12 -18 months ago. Knowing the value of your home can be important for many reasons of which, here are a few: Financial Planning The value of your home is a significant component of your overall net worth.

Property Taxes 43

Property Taxes Home Value Insurance Renovations 43

Quicken Loans

APRIL 5, 2021

Home value may increase over time. You may reap tax benefits. Sense of home stability/permanence. Home value may decrease. In many cases, renting can be cheaper than buying a home because of the upfront costs involved. These are expenses you’ll need to pay to keep the home in top condition.

Landlords 72

Landlords Renovations Property Taxes Finance 72

Raleigh Realty

MARCH 29, 2021

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. You'll need to do some renovations.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Chicagoland Appraisal Blog

APRIL 3, 2020

Here’s what that means for sellers in the Chicago area: Make key updates if you’re selling a dated home. Updated homes tend to sell faster in Chicago, notes Westhoff. Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. Understand Chicago home values.

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Real Estate Agent Architecture Modernization Buyers 78

Round Rock Appraisal

MARCH 28, 2015

Would you be doing your own renovation over a period of time? Will your renovations bring the property up when it’s time for you to sell? Home values are affected by these situations. Keeping the appraisal of a home realistic in your own mind is very important! Property Taxes.

Buyers 36

Buyers Appraisal Renovations Property Taxes 36

Eppraisal

FEBRUARY 22, 2022

Just as inflation drives up the value of lumber, light bulbs, potatoes, chicken and women's shoes, it boosts home values in the same way. For instance, and for simplicity, if there are 30 identical houses and $600 in circulation, each property would be priced at $20.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

PennyMac

JANUARY 16, 2022

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet.

Investing 36

Investing Property Taxes Real Estate Renovations 36

PennyMac

AUGUST 14, 2024

Avoid Double Moving Costs: You can move directly into your new home, eliminating the need for multiple moves, renting storage spaces or finding temporary housing. Flexibility in Moving: Typically, you'll have up to 60 days post-closing for moving, giving you ample time for packing, furnishing or even some renovations.

Real Estate Agent 47

Real Estate Agent HOA Finance Inspection 47

Assurance Financial

APRIL 29, 2021

Municipalities often use FMV to determine the tax rate on a home. A home with a high FMV will have higher property taxes than one with a lower FMV. HELOC (Home Equity Line of Credit). Home equity is the difference between the amount a person owes on their mortgage and the value of their home.

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

D Fritz Appraisals

MARCH 13, 2025

If youre buying a home, an appraisal provides an unbiased estimate of the propertys value to ensure you pay a reasonable price. If youre renovating and refinancing, lenders require an appraisal to assess the current value of your home and its potential value post-renovation.

Appraisal 78

Appraisal Renovations Inspection Market Value 78