Home Price Appreciation
How can I improve the value of my property?
Outside of a home owner's control, the biggest factor is market conditions. Other important issues are:
- condition of the property
- specific home improvements
- neighborhood stability and safety
The greatest rise in home prices occurs when the economy is strong and the number of home sales is increasing. Specific home improvements can increase the value above the cost of the improvements.
- remodeled bathroom returns, 81 percent to the owner
- bathroom addition, 89 percent
- master bedroom suite, 82 percent
Remember, quality pays. Well-planned and well-executed remodeling jobs are a good investment while bad work seldom enhances value or livability. The safety and security of a neighborhood can affect property values, too. If you live in a high-crime area, an organized community watch program not only will lower the crime rate but give home values a boost, too.
How can I increase the value of my property?
Specific home improvements can increase your property value above the cost of the improvements themselves, such as remodeling a kitchen, adding a bathroom, or upgrading landscaping. Just be sure that quality pays with remodeling. A bad remodeling job will do little to boost your property value. If you live in a high-crime area, an organized community watch program not only will lower the crime rate but can enhance property values, too. It also helps to live in an area where other homeowners are upgrading their homes, which can help pull up your property value, too. The bottom line is to measure the cost of any improvements you want to make against the overall values in your neighborhood. If you over improve for the neighborhood, you may not necessarily recover your costs or boost your property value significantly.
Will buying a bigger home increase my profit?
Consider these questions before making a choice between adding on to an existing home or moving up in the market to a bigger house:
- How much money is available, either from cash reserves or through a home improvement loan, to remodel the current house?
- How much additional space is required? Would the foundation support a second floor or does the lot have room to expand on the ground level?
- What do local zoning and building ordinances permit?
- How much equity already exists in the property?
- Are there affordable properties for sale that would satisfy housing needs?
- Ultimately, the decision should be based on individual needs, the extent of work involved and what will add the most value.
How do I find out how much my home is worth?
A comparative market analysis and an appraisal are the standard methods for determining a home's value. Your REALTOR® will be able to provide a comparative market analysis, an informal estimate of value based on comparable sales in the neighborhood. Be sure you get listing prices of current homes on the market as well as those that have sold. You also can research this yourself by checking on recent sales in public records. Be sure that you are researching properties that are similar in size, construction and location. This information is not only available at your local recorder's or assessor's office but also through private companies and on the Internet. An appraisal, which generally costs $300 to $500 to perform, is a certified appraiser's opinion of the value of a home at any given time. Appraisers review numerous factors including recent comparable sales, location, square footage and construction quality.
What are the differences between market value and appraised value?
The appraised value of a house is a certified appraiser's opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $300 to $500. Market value is what price the house will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker. Either an appraisal or a comparative market analysis is the most accurate way to determine what your home is worth.
Testimonials
- Kathryn Masvidal
- Barbara Hagan
- Eileen Hall
- Hulmut Gfatter
- Mr. & Mrs. Joseph G. Jordan
- Steve Garskof
- David Folkenflik
- Kimberly Maldonado
- Jenna Jordan
- Kimberly Maldonado
- Gail and Del Rau
- Bettie Ralston
- Natasha Copeland, Seminole, FL
- Ron & Linda Thompson
- David Kaufman
- Diana Hester, Barberton Ohio
-
- Cheryl Lynn Royal
- Sean Moore
- Matthew Livesay
- Steven Stewart
- Ned & Jean Cosmo
- Beth Hernandez
- Sam Fraser
- Lina Medeiros Turano
- Cathy Kwiatkowski
- Hank Dymerski
- Linda N. Todd
- James L. Wiesner
- Todd Darrin Jaeblon
- Jim Schmit
- Laurie F
- Susan Elliott, Bailey's Bluff
- Peter Ilacqua
- Joseph A. and Jennifer S. Daum
- Laurel and Terry Palmer
- Bridget, Clearwater
-
- JIM SCHMIT
- Len Faulkner, St. Petersburg
- Terence O'Malley
- Linda Wathen
- Michael Barry Enos and Li Li
- Natasha L & Robert S Copeland
- Anthony J Schweiger
- Jack & Judy Kezner
- Maria L. Meyers
- Nadezhda & Stephan Phillips
- Marie Monique Descent
- Aidaliz Maldonado
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on September 11, 2026 9:07 PM UTC The listing information on this page last changed on Last updated on September 11, 2026 9:07 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 11, 2026 9:07 PM UTC