As a homeowner, you may only think about getting an appraisal when you’re looking to refinance or sell your property. However, there are many situations where an expert appraisal from a company like Infinite Focus Appraisals can provide valuable insight and protect your interests.
Evaluating Your Biggest Investment For most people, their home represents their single largest investment and asset. Doesn’t it make sense to truly understand what that asset is worth? An appraisal gives you an impartial, professional opinion of your home’s current market value.
This knowledge empowers you in various ways, such as:
Negotiating Property Taxes – If your home’s assessed value for tax purposes seems out of line with its appraised value, you have grounds to dispute the tax bill. An appraisal helps justify the fair amount you should pay.
Estate Planning – Proper estate planning and equitable distribution relies on knowing the value of the assets involved, including real estate holdings.
Contesting PMI – If your home’s value has increased enough to give you at least 20% equity, an updated appraisal can prove you no longer need costly private mortgage insurance (PMI).
Making Smarter Renovation Investments Before undertaking any major home renovations or additions, it’s wise to get an appraisal on your existing property value. This gives you a baseline to measure whether the costs of renovations will be recouped in increased home value upon completion.
Some projects simply don’t add enough value to make financial sense. An appraisal helps you scrutinize renovations through an impartial cost/benefit lens.
Resolving Property Disputes If disagreements arise related to property distribution from divorce, inheritance, or other legal matters, an objective appraisal becomes critical documentation to determine equitable resolutions.
Getting Your Money’s Worth Appraisals also protect you from overpaying if you’re looking to purchase a new home. The appraisal assesses whether the sale price truly reflects market value, giving you greater negotiating power.
Additionally, undervaluing your existing home in a sale can needlessly cost you thousands of dollars. An appraisal ensures you receive a fair price from the buyer.
The Infinite Focus Advantage At Infinite Focus Appraisals, we take great pride in our rigorous valuation process, ethical standards, and real-world expertise in assessing home worth. Our veteran appraisers provide the comprehensive, unbiased analysis you need to make the most of your biggest financial asset.
Whether buying, selling, investing, or planning for your future, get the reliable property intelligence offered through an Infinite Focus appraisal. Having an expert opinion allows you to proceed with confidence in any home ownership situation.