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Avatar for JLAppraisal, LLC
JLAppraisal, LLC
4.8(
19
)

Serving Bantam, CT and surrounding areas

Approved

In business since 2003

Free estimates

Customers say: Terrific value

"Response time was very quick and appraisal done in a week. Very nice person to work with and I would recommend her to a friend."
Response time6 hrs
13 neighbors recently requested a quote
Recommended by94%of homeowners
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Property Appraiser questions, answered by experts

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

They provide objective, third-party valuation, guiding fair sales or purchase prices.

The Bantam, CT homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.