Frequent Questions About Aura Appraisals' Valuations

When do I need an Aura appraisal?

A legally-defensible appraisal is a vital element of practically any residential real estate transaction and many other purposes:

Mortgage purposes when buying or renovating a home
Selling property for an objective opinion of value
Property tax appeals and other tax purposes
"Replacement Cost New" for home insurance
Economic rent report for an investment property
Refinancing property to get a lower mortgage rate
Estate planning and probate
New home construction draws
Substantial renovation of your dwelling
Divorce settlements

What Happens With an Expert Appraisal?

Establishing value from a legal standpoint requires a comprehensive list of verifiable metrics including, among many others,

Precise as-built measurements inside and out*
Heating and other mechanical installations
Household utility infrastructure
Age of the home and any additions
The value of comparable homes in similar locations as available.

How can we improve our valuation?

There are numerous ways to improve the value of your home from repainting to major renovations. To learn how to make the appraisal process go smoothly, check out our feature report. We also have a guide to how much various renovations will impact your return on Investment here.

Why do I pay Appraisal fees when my bank demands it?

From your lender's point of view, they would not have to incur this expense except for your goal of accessing investment money. It essentially protects both the home-owner and the lender from over-paying for a property or renovation, or under-insuring the residence.

How long has Aura been in business?