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ay Appraisals, Inc.

My focus this month is the homeowner. Many homeowners are unaware of how an appraisal can save them money. Do you live in Pasco, Pinellas, Hernando or Hillsborough county in Florida? If so, I would like to help you in your valuation needs.

Insurance- Your home owner's insurance is based on replacement costs. If your house for example was in a fire how much would it cost to rebuild a similar structure. Do not confuse reproduction with replacement cost. Reproduction cost is an exact duplicate of your home. If your home was built in the 1900's your reproduction cost could be very expensive and supplies may be limited. Insurance companies and appraiser's use replacement costs. Insurance companies estimate of value of your home sometimes includes land. You are not insuring your land. Land does not depreciate.

Most real estate appraisals include the cost approach and include the replacement cost of your home. Citizens and other insurance companies can not argue the appraisal. These companies sometimes do not tell you what your options are they just want you to pay. There are options out there and sometimes can be very feasible to spend the money on an appraisal that ranges from $200-$350 and will save you on your homeowner's insurance.

How about your taxes? Do you feel your tax assessment is too high? You can have an appraisal done on your property and give to the county building to consider. There is a deadline to challenge your assessment so a phone call to your county property appraiser's office should be done. Pasco county's deadline is Nov. 30th of every year.

Jay Appraisals, Inc. is here to assist you in every way possible and we feel your property is out of our scope of work we will guide you to a list of other appraisal companies that may be able to assist you. Please check out our website at http://www.jayappraisals.com.  4:26:30 PM

Sincerely,

Kara L. Sedlak

President.