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Antiques and Jewelry Appraisals questions, answered by experts

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

Typically during transactions or refinancing, or whenever significant improvements are made.

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

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. 

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

The Dix, IL homeowners’ guide to antique and jewelry appraisals

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