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Avatar for Archway Appraisals, LLC
Archway Appraisals, LLC
5.0(
1
)
Appraisal - Real Estate

Serving Silex, MO and surrounding areas

Approved

In business since 2008

Free estimates

Customers say: Quick response

Thank you for choosing Archway Appraisals, LLC. I have been proudly providing appraisals for over 8 years after spending several years as a realtor. That real estate background has given me great insight into the appraisal process and allows me to give very well-informed market value opinions. Whether you are planning on buying, selling, disputing taxes, going through a divorce, handling your family estate, there is only one name to call for your appraisal, Julie at Archway Appraisals, LLC. I look forward to talking to you today.

WILDWOOD
Country mountain home
LADUE
O'FALLON
CREVE COUER

+5

Response time12 hrs
Recommended by100%of homeowners
The Realty Appraiser
New to Angi
Appraisal - Real Estate

Serving Silex, MO and surrounding areas

In business since 2001

Free estimates

Emergency services offered

The Realty Appraiser 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.

Avatar for Thomas R. Keeven Appraisal Service
Thomas R. Keeven Appraisal Service
New to Angi
Appraisal - Real Estate

Serving Silex, MO and surrounding areas

In business since 1985

Free estimates

Thomas r. Keeven Appraisal Service is dedicated to providing our customers with the best quality and craftsmanship. We are here to build relationships with our customers and communities and to provide our employees with a great place to work. We look forward to working with you.

Response time10 mins
Response rate100%
Property Appraiser questions, answered by experts

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. 

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

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.

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

The Silex, MO homeowners’ guide to property appraisals

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