Good day Luis,
You received what you paid for.
Look at the previous comments. They are all right on the money. I wish i could like them all.
Values go up and down. Improvements are all subjective. A home owner should always improve to enjoy the improvement and not to consider a resale value. When you get ready to sell, the improvement is already old. The value is reduced from the day completed in most cases.
Many "improvements" a home owner does are not value increasing. Replacing a carpet, shower, bathtub, faucet, etc., are wonderful to increase sell - ability, and typically do nothing for value. Even replacing an entire kitchen may not improve value. It may help in getting it sold faster.
The next question is "Why care". If you are selling, the price the property sells for will be what a Buyer will pay. If the Buyer does not like the orange carpet you installed, the Buyer will not pay as much.
I sold a property that had a nautical theme. Portholes and all. It took a while, but the Buyer came in and loved the theme. It sold for 18% more than any valuation. The Buyer just had to have the property.
If the Buyer will pay less than you owe, I work with the Bank to accept what a Buyer will pay.
If you are not selling, The value does not matter.
If you are trying to lower payment amounts, there are many programs that allow you to refinance and lower your payment even if the value is less than you owe the bank.
I suggest you contact me or one of the Realtors in this thread to evaluate the property and look at your options for your financial future.
Before a home owner undertakes a remodel to increase value, the home owner should talk to a Realtor to determine if any value will be added.
I wish you well.
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