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Legacy Builders, Inc.
New to Angi
Appraisal - General

Serving Suffolk, VA and surrounding areas

In business since 1995

Free estimates

Credit card accepted

Steeped in hands-on experience Legacy Builders found its roots in flipping houses back in 1995. With a passion for real estate and a natural knack for problem solving it was a perfect fit. The company began renovating one house at a time and has grown to finishing each year with more than 20 newly renovated homes and new construction projects.\nIn 2007 we began providing services for homeowners including major renovations and new construction. Legacy Builders has expanded into investment rental properties as well as wholesale acquisitions while remaining very much involved in the real estate market. The company continues to focus on helping others and producing quality construction at an affordable price.

Antiques and Jewelry Appraisals questions, answered by experts

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.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

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.

The Suffolk, VA homeowners’ guide to antique and jewelry appraisals

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