So you have made some significant improvements to your home which will, as Sue indicated, be reflected on an appraisal.
As far as getting the appraisal to reflect the improvements, the general rule of thumb is to make sure you are building and improving according to what buyers would be willling to pay in the area. Is what youâ€™re doing consistent with the neighborhood or will your property stand out too much in a bad way?
The more you improve according to, and consistent with the area in which the home is located, the higher the value of your property. Just don't stray too far from conformity.
The second rule of thumb is to remember that what you put in does not translate to equal value in return. A $100,000 remodel in a $200,000 neighborhood does not make a home worth $300,000. Likewise, a $70,000 backyard remodel probably doesnâ€™t make your home worth $70,000 more.
I got the tips above from a local appraiser friend and have seen them work in action. Hope that helps!
Keisha Mathews, REALTORÂ®
CDPEÂ®, HRCÂ®, HAFAÂ® Certified
SAR Masters Club Member 2012
SAR Masters Club Steering Committee
Mathews & Co. Realty Group
@ Century 21 Landmark Network
(916) 370-1803 cell