A home appraisal is a professional’s opinion of what your home is worth in the current market condition. It consists of two major sets of information to determine an accurate value: A walkthrough inspection of your property and an examination of the comparable homes in your area (called comps). The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that the inspection itself can take 15 minutes to several hours, depending on the size and complexity of the home. To complete the whole appraisal process, you’re looking at a few days to a few weeks. Appraisers always start with the inspection to get a clear idea of what the product is that they’re making a valuation on. They need to confirm the layout of the home and rate its overall condition. Special consideration will be given to any safety concerns or big ticket items like the foundation, roof, and HVAC system (heating, ventilation, and air conditioning). Check out below to see what sold in Island Lake Arbors in August 2022:
26199 Fieldstone Drive, Novi: 3 bedrooms, 2.1 bathrooms, 2,060 sq. feet, 2 car garage, Sold Price: $389,000
Island Lake Arbors Home Sold
August 2022
It’s also important to let the appraiser know what improvements you’ve made to the property in recent years. This can be done by telling the appraiser directly or leaving a packet of information for the appraiser to see when they visit. For more information on Island Lake Arbors, or similar Northville or Novi neighborhoods such as The Villas of Northville Hills, Blue Heron and Country Club Village, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.