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Avatar for Michael E. Minden Diamond Jewelers
Michael E. Minden Diamond Jewelers
4.0(
4
)
Appraisal - General

Serving Logandale, NV and surrounding areas

In business since 1988

Free estimates

Credit card accepted

"The diamond in my wedding ring was my mother's and it was in the original setting. I've been wanting to remount the diamond into a new ring setting for a long time and finally scheduled an appointment at Michael E. Minden. I am so glad that I did!! Their staff is incredibly professional and always so kind. They helped me keep the history of the diamond and gold from my old ring to transform it into the brand new wedding ring of my dreams!! I can now wear the materials that I inherited in a modern style that I enjoy. Thank you Michael E. Minden Diamond Jewelers!"
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Recommended by75%of homeowners
Antiques and Jewelry Appraisals 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. 

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

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

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.

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

The Logandale, NV homeowners’ guide to antique and jewelry appraisals

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