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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
)
Appraisal - Real Estate

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
4 neighbors recently requested a quote
Recommended by100%of homeowners
Avatar for True Value Appraisal, Inc.
True Value Appraisal, Inc.
4.3(
35
)
Appraisal - Real Estate

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
)
Appraisal - Real Estate

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 rate93%
Recommended by50%of homeowners
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Property Appraiser questions, answered by experts

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

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

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.

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. 

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

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.