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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The home had been recently renovated and was in great condition. The appraisal at that time matched the purchase price. An appraisal measures that value range within the report. The Case File.

Appraisal 148
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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The home had been recently renovated and was in great condition. The appraisal at that time matched the purchase price. An appraisal measures that value range within the report. He paid $475,000.

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How to Build Equity in Your Home

Chicagoland Appraisal Blog

Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity. What’s more, a proper appraisal will identify and should apply the costs associated with these upgrades in the appraisal of the home.