After Repair Estimate

An erroneous thought is that if my house is worth A, and I spend B on repairs or upgrades, my home will be valued at C. Unfortunately, in the real world, buyers do not work like that. A typical example of less than 100% value returns includes a home with a pool being viewed by a buyer with small children. The pool feature to this potential purchaser will detract from the home's appeal. Refinishing a home's exterior with stucco in a neighborhood of wood siding homes is another case where an improvement may lower your home's market price. So, beware, adding the $5,000 or $10,000 kitchen stove may only contribute $2,500 to the home's value when sold. Click here to obtain an appraisal report before making repairs or following improvements.