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Avatar for Premier Home Appraisals - RHR, Inc.
Premier Home Appraisals - RHR, Inc.
5.0(
3
)
Appraisal - Real Estate

Serving Lanexa, VA and surrounding areas

In business since 2012

Free estimates

Premier Home Appraisals - RHR, Inc., 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 time1 day
Recommended by100%of homeowners
Avatar for The Melton Team - RE/MAX Peninsula
The Melton Team - RE/MAX Peninsula
5.0(
34
)
Appraisal - Real Estate

Serving Lanexa, VA and surrounding areas

In business since 2001

"We used this team to find our new retirement home.  Erin is always responsive to our needs, always had our backs when negotiating with the seller and made our new home a reality.  She always goes the extra mile for her clients.  We would use her again in a heartbeat!
"
Recommended by100%of homeowners
Colonial Appraisal Limited
5.0(
1
)
Appraisal - Real Estate

Serving Lanexa, VA and surrounding areas

In business since 2000

Free estimates

With years of experience in the appraisal industry, we are the experts you need to take care of your home. We handle all of your real estate appraisal needs with great care. We will treat your home as we would treat our own. Give Colonial Appraisal Limited a call today, we look forward to working with you!\n

Response time1 day
Recommended by100%of homeowners
Jeremiah Real Estate Appraisals
5.0(
1
)
Appraisal - Real Estate

Serving Lanexa, VA and surrounding areas

In business since 1998

Free estimates

Credit card accepted

Jeremiah Real Estate Appraisals, has more than 20 years of experience in the appraisal and real estate business. We are efficient, knowledgeable, and professional. We also deliver reports to you electronically. We specialize in the following non-lender appraisals: pre-listing, purchase market value, tax appeals, private mortgage insurance removal, land value, reinstatement of a home equity line of credit due to bank freeze, estate, and, bankruptcy. When experience counts, you can count on our experience and expertise.

Response time1 day
Recommended by100%of homeowners
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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. 

In most cases, you can expect home automation to boost your home value. This technology makes the homeowner’s life easier and more comfortable, and some provide increased safety and protection. Buyers will likely recognize value in security systems and utility monitors, as well as comfort-focused upgrades that save on electric bills while keeping interior rooms at the desired temperature and humidity. On average, you can expect a 50% and 75% return on investment on home automation services, and potentially even more if the automation reduces homeowner’s insurance.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

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.

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 Lanexa, VA homeowners’ guide to property appraisals

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