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The Difference Between Appraisals and Assessments

houses and finance

Many people think appraisals and assessments are the same thing or at least that they should be for the same amount. The truth is they can vary greatly. Let’s look at each of them.

Appraisals

An appraisal is an estimate of market value. An appraiser can use many methods for coming up with this estimate. For income producing property, the appraiser may capitalize the value of the income stream. (It would take “x” dollars of capital invested at a “y” rate of return to produce an income equal to the rental income generated by this property.) For other properties, an appraiser...

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Top 4 Home Improvements to Pump Up Your Homes Value

Asian style jacuzzi in spa room

When you want to improve your home’s worth or prepare to sell, consider doing one or two of these top 4 home improvements.

Re-do the bathroom. 

According to the statistics, you’re most likely to get the largest percentage of return of your investment with a bathroom remodel. So anything you do to update or re-do your bathroom will increase your home’s value.
  • If you have just one bathroom, add another one to your
  • You can improve buyer interest by installing double sinks in the master
  • If your bathrooms are in pretty good shape, consider adding some specialty
  • A quick and inexpensive...

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