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Avatar for Knox Home Worx, LLC
Knox Home Worx, LLC
5.0(
1
)
Appraisal - Real Estate

Serving Townsend, TN and surrounding areas

In business since 2022

You can depend on us to provide a high quality service at a fair and honest price. We understand that the future of our business depends upon our reputation and that is why customer service is by far our highest priority. If you are looking for a professional you can trust, please call today to schedule a no-obligation estimate!

Farmers Branch Home
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Response time40 mins
Response rate100%
Recommended by100%of homeowners
Michael S Fox Independent Residential Real Estate Appraiser
New to Angi
Appraisal - Real Estate

Serving Townsend, TN and surrounding areas

In business since 2004

Credit card accepted

I offer over 20 years experience in the appraisal world of real estate. I've established a solid reputation in appraising residential homes in the surrounding areas. I am committed to providing a personalized service for each individual project we take on. We look forward to building strong, long-term relationships with our clients and guarantee your satisfaction.

Property Appraiser questions, answered by experts

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

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 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.

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

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 Townsend, TN homeowners’ guide to property appraisals

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