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TRUSTED BY O FALLON, MO HOMEOWNERS

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  • Verified reviews icon45
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Find Property appraisers in O Fallon

Avatar for The August Group, Inc. Ltd.
The August Group, Inc. Ltd.
4.7(
6
)

Serving O Fallon, MO and surrounding areas

Approved

In business since 1999

Free estimates

Credit card accepted

"Jeff was fantastic to work with. I had a very tight deadline to meet, and I went with Jeff from the August Group because he said he would meet the tight deadline. He met the deadline with time to spare, and wrote an extremely comprehensive and accurate appraisal. I could not be happier. I will use the August Group for any and all appraisals I need done on my properties in the future."
Bungalow
A+ Accredited Business
Response time7 hrs
8 neighbors recently requested a quote
Recommended by100%of homeowners
Avatar for True Value Appraisal, Inc.
True Value Appraisal, Inc.
4.3(
35
)

Serving O Fallon, MO and surrounding areas

In business since 1994

Free estimates

Credit card accepted

"Mr. Jacques is an excellent appraiser! He was very courteous. Furthermore, Mr. Jacques responded to my e-mail promptly, and his appraisal report was thorough. I definitely recommend True Value!"
Response time7 hrs
Response rate94%
Recommended by93%of homeowners
Avatar for Sho Me Appraisal Services LLC
Sho Me Appraisal Services LLC
5.0(
4
)

Serving O Fallon, MO and surrounding areas

In business since 2014

Sho Me Appraisal Services is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade combined with ability is what makes us true professionals. Above all, we are watchful of our customers' interests, and make their concerns the basis of our business.

Response time11 hrs
Response rate94%
Recommended by50%of homeowners
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Property Appraiser questions, answered by experts

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

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 cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

The O Fallon, MO homeowners’ guide to property appraisals

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