Mansfield Ow…, Other/Just Looking in Mansfield, MA

Who do we ask to help us evaluate the value of certain home improvements we do. We want to finish half the basement....next, to add a full dormer shed

Asked by Mansfield Owner, Mansfield, MA Fri Sep 11, 2009

including 1 bath and 1 bedroom & aster closet....

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Hi Mansfield! :-)

I agree with Cindi here and the article she referenced is invaluable and should help you quite a bit!
Your best bet, in my opinion, would be to contact an experienced REALTOR, who can many times refer you to an honest,knowledgeable appraiser or other professional that will be able to help you determine your updates values, as far as resale value goes for those updates.
If you are planning on selling the home in the near future, you should be very careful not to OVER improve your home thinking that it will add value, when it can actually hurt your properties value, ( due to extravagant updates that maybe YOU feel may look great,but a prospective buyer may not, etc...) by both making the home only appeal to certain types of prospective buyers, as well as not be comparatively priced to be competitive with other homes in your area, which is VERY important for you to successfully sell the home!
That is where a REALTOR is key for you, because they can give you a CMA (Comparative Market Analysis) for your home and help you determine the values of such improvements, dependant on todays market or whenever you wish to sell the home.

Good luck in All you do!
0 votes Thank Flag Link Sat Sep 12, 2009
Many people are wondering where their money will be safest during these uncertain economic times.

You may find the attached article informative
0 votes Thank Flag Link Fri Sep 11, 2009
Cindi Hagley,…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
You could either ask a very good local real estate professional or appraiser. I'd ask friends, family, colleagues for local real estate professionals they've used recently and been happy with. You might also contact a real estate attorney or your local mortgage professional for the name of an appraiser they trust & do business with that might also be willing to review the changes you have in mind. Some of these ideas are free, others are sometimes a nominal charge. They'll give you an idea of what your place is worth and what your ideas of improvements might bring for you.

Hope that helps,
Web Reference: http://www.MedfordHouse.com
0 votes Thank Flag Link Fri Sep 11, 2009
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