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Thomas Real Estate Appraisal Consultants
New to Angi
Appraisal - Real Estate

Serving Durand, IL and surrounding areas

In business since 1990

Free estimates

At Thomas Real Estate Appraisal Consultants I have over 40 years of residential & commercial appraisal experience and have preformed all kinds of non-lender services. Ex Estate, Divorce, Tax, and Personal, I pride myself as being very service minded and detail orientated which sets me apart from the rest. I look forward to earning your business! Note: New Mortgages require your Lender to order the appraisal.

Property Appraiser questions, answered by experts

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

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.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

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 Durand, IL homeowners’ guide to property appraisals

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