How Much Does a Real Estate Appraisal Cost?
Last Updated: January 20, 2022
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Real estate appraisal is necessary at various times. Property is appraised at the time of sale, when living space is increased, or if you just want to know what your property is worth after all these years. In any case, you want to hire a good appraiser that is unbiased and does their due diligence on the comparables in the area.
Real Estate Appraisal Costs #
Average costs for an official home appraisal depends on the size of your home and where it is located geographically. Larger homes are more expensive to appraise than smaller homes. Homes in places with higher costs of living will naturally cost more than a home appraisal in a less expensive area. For the average home, it will cost $300 to $600 for a professional home appraisal.
Things to Remember #
Bathrooms and kitchens are very important factors during home appraisal as are bedroom and total living space. Number of bedroom and living space are limited by the constraints of the size of the home. However, the kitchen and bathroom are not. With $100 to $500 you can drastically improve the look of a bathroom and help your home appraise for higher.
How much does building appraisal or large property appraisal cost? #
If you need a quote for a large building or a large piece of property then you will need to get a custom quote put together based on the size of the property. This kind of appraisal could cost $750 to $3,000. It is much more expensive because in the case of large properties a detailed appraisal report must be submitted.