Hi G.R., It is great that you have upgraded your electrical and added a deck... both are wonderful upgrades! Buyers like to know the 'mechanics' of a home they may consider buying, are up to date. It translates to a buyer that you ( the seller) have taken good care of your home and it is safe...that is a plus. A deck is always a wonderful selling point. It draws buyers out side where they can imagine themselves entertaining friends and family...another plus! That being said, those upgrades along with the expected growth in real estate values over time would have certainly helped increase the value of your home. However, in this real estate market, which is a 'down market' those upgrades will only help sell your home faster ( which is ideal). The value of your home will most likely be down 10%-12% from your original purchase price in the peak of 2006. I know that is a tough nut to swallow but that is the reality of today's market.
Another reality is that buyers are still buying and sellers are still selling! If you sell your home now for less than what you would have gotten 5 or 6 years ago and you plan on buying again ...it will be a wash because you as a buyer will get an amazing bargin on the 'buy' side! If you still have questions give me a call (203-640-1372) and I would happy to answer any other questions you may have. Thanks and good luck! Mary Edeen, Realtor for Calcagni Associates... more