Articles tagged with: effective value
Business, News, Real Estate »
Making improvements to your home may increase its value when the time comes to sell it, but perhaps not in the way most people think.
Some people are under the impression that they’ll get a “dollar to dollar” return on an investment should they opt to improve their homes – a $15,000 kitchen renovation should translate into a $15,000 boost in the sales price, right?
“Cost is not market,” said Benton Appraiser Travis Yingling.
What he means by that is a typical home improvement doesn’t directly increase the value of a home. …