Independent Real Estate Appraiser in Austin, Texas: Travis, Williamson, Hays, Bastrop and Caldwell Counties

What is Included in the Square Footage of a House?

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When Measuring a House, What Counts? Not all of the space under your roof counts as living space from an appraiser’s perspective. Some spaces don’t count towards the measured square footage of a home. What Do Appraisers INCLUDE in the Square Footage of a House? Interior spaces that are conditioned spaces (heated, and cooled, if [...]

A Property Tax Assessment is not the same as a Property Appraisal

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All About Tax Assessments Tax bill arrives and you have a heart attack. If your property is worth what the taxing district thinks it is worth, it’s time to SELL and retire to Aruba! If only. Tax Assessment and Market Value Differences Tax assessments fall into three categories: Low Plausible (somewhat close) High If you’re [...]

Determining the Value of Texas Waterfront Property

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Waterfront Property: How is Value Determined? At the most basic level, the value of property, including waterfront property, is the price the market will bear. If you are considering purchasing (or selling) waterfront property, you need to read this article. When neither the buyer nor the seller are distressed (facing foreclosure or other undue financial [...]

Appraisal Tools for Property Appraisals

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The Best Appraisal Tools This year we have focused on integrating the newest and the best appraisal software and appraisal tools into our property appraisals business. Before we talk about modern appraisal tools, let’s take a trip down memory lane. Quick Clicks For Article Sections: Appraisal Tools: 1990s Appraisal Tools: 2010 The Appraisal Tools We [...]

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Sign up for Appraisal Ordering via the Mercury Network Related Posts:HVCC Compliance through the Mercury NetworkThe Mercury Network: Choose Your Local Appraiser AND Stay HVCC Compliant

Home Cost Per Square Foot: Not a Good Estimate of Value

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What is a Home Worth? The Fallacy of Per Square Foot Pricing To suggest that the home cost per square foot of one home is the same as the average home price per square foot is to misunderstand market dynamics. These values may be somewhat close together in a new neighborhood of very similar homes [...]

The Value of a Garage Conversion

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Does a Converted Garage Add Value? A converted garage may add value to a home. The value added, however may not equal the amount spent on the conversion. Counting Garage Space as Interior Space For garage space to add value to a property at the same level as the other interior spaces, it should have [...]

Property Investors: Return on Investment – The Perfect Storm

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Want the Secret to the Perfect Investment Property ROI? There isn’t any. Well, almost. The Perfect Storm for Property Investors Let’s talk about the perfect scenario for achieving a high return on your investment property (aka flip). If your project meets this criteria, your gamble might pay off (and yes, this is a gamble): You [...]

Home Improvements a Good Return on Investment?

Will Your Home Improvements Add Value? Are you considering updating or improving your home? Wondering if you will see a return on your investment (ROI)? If someone tells you that if you spend X, you will recover Y, they are wrong. That kind of certainty is not possible. Sometimes you will recover more, sometimes less. [...]

How do I Appeal My Property Tax Assessment?

A Property Tax Assessment May Not Reflect Fair Market Value Property tax assessments are not the same as property appraisals. A property tax assessment is what the taxing district thinks your home is worth, based on mass computerized data models. A property appraisal, in contrast, determines the fair market value of your home if it [...]

For Sale by Owner Guide

Do You Know How to FSBO? Some homeowners choose to try to sell their homes For Sale by Owner (FSBO, pronounced “Fizz-Bo”) before enlisting the assistance of a real estate agent. Although fewer than 25% of FSBOs properties sell, if you’re not in a hurry to move on to your next place, you can try [...]