How Much Does a Home Appraisal Cost?

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What Is a Home Appraisal?

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Your home is appraised by a good professional to check its value before putting it on the market.

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Types of Home Appraisals

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The cost will vary depending on who you appraise your home with, whether through the traditional banking route or through a private company.

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Why Do I Need a Home Appraisal?

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The appraisal benefits the buyer, seller and lender. It is true that whatever the cost of the house, no matter how much one is willing to spend.

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How Do Home Appraisals Work?

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An appraiser typically starts with a comparable sales approach, looking at recent sales, closes and other homes in the area using similarities as guides.

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Home Appraisal vs. Home Inspection

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Whereas a home appraisal focuses on the value of a home in relation to neighborhood, home size, area comparisons and renovations added to the home.

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How Much Does a Home Appraisal Cost?

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Unless you look out your kitchen window and see movie stars or pro athletes, you should expect to pay $300-$450 for a home appraisal.

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