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There are many other reasons to have your property appraised, even if you have no intention of selling the property any time soon. For instance, rising property taxes, a burden for many homeowners, can be reduced in the unfortunate incident that the value of your property has declined since the property tax assessor last valued it. It's also important to note that should your local government decide a road widening is necessary and therefore you must sell a piece of your property to facilitate such a need, an appraiser can ensure you receive a fair market value. These are known as right of way or easement appraisals. Should you be planning any home improvements, it's also good to get an appraisal before any work is done so you'll know afterwards just how much of a return you've gotten on your home-improvement investment. This is especially useful if it's been a while since your property was last appraised.
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