Jun
28
Looking for an appraisers answer how much would the following raise the appraisal on my home?
Filed Under Do It Yourself (DIY)
We are in the middle of a major remodel on our home, the following are things that we decided to change after the original appraisal was done how much more do you think these items will add to our appraisal,
*2 New -100 gallon Hot Water Heaters Electric
*New Septic Tank
*25 extra sq ft
*Retaining walls around 80% of the house with landscaping and flower gardens inside them
*all new plumbing
*all new bathroom, sink, bath tub with tile shower walls, tile flooring, toilet, and sheetrock.
I am trying to figure out if we go a little over budget if these additional things that we decided to do will increase the appraisal value? Thanks in advance for your answers
Comments
One Response to “Looking for an appraisers answer how much would the following raise the appraisal on my home?”
The biggest return on remodel is in two places. Bathrooms and kitchens. Concentrate the money in those two locations.
Hot water heaters- consider going tank less, you never run out.
Septic- New or have someone give the old one a cleaning.
25sq ft- a 5×5 room doesn’t seem to be worth it unless it is needed.
Retaining walls- If its just for looks maybe pass or save for last if its still within budget.
New Plumbing- only if it MUST be repaired.
Bathroom- Without a doubt.
Once the bathroom is done look again at your budget. Look at your list and consider what else has to be done compared to what things do we just want to do. Nothing says you have to spend the entire budget. Come in under and then reward yourself with a weekend away from it all.