3 Steps to Determine the Value of Your Dallas Home Improvements

I recently wrote a post about how to use a house value report. In that post I briefly mentioned using one for determining the value of your home improvement projects. Since writing that article, I have received a lot of requests for more information about this. Understanding the true return on your home improvement investment is mostly science with a little art mixed in.

Before you start a project, there are 3 steps to determining the value of your home improvements.

1. Step One - Find a good Dallas area Realtor that really knows your area or hire a professional appraiser. An appraiser is expensive (around $300) but will be more accurate than a Realtor. Plus, many Realtors have never done a TRUE comparative market report, opting only to compare bedrooms, bathrooms and square footage so they do not understand the intricacies that go into this science called an “Appraisal”.
2. Step Two - Have your Realtor or appraiser prepare a comparative market analysis or full appraisal to determine the value of your home compared to other homes in your neighborhood. Once that first appraisal is completeld, have them provide a second house value report comparing your home with future home improvements to homes in your neighborhood with those same improvements.
3. Step Three - (more…)
   Social Bookmarking
   

   SubscribeDiggdel.icio.usFurlNewsVineRedditStumbleUponTechnorati