Profile picture for dlbaney

2007 150k Addition

In 2007 we added, FR, BR, expanded 1/2bath to full and moved Laundry plus other changes du to the reno. i.e. siding, new electric panel, etc.    Prior to this our home was appraised at $284k; due to the market since then with the 650sq ft addition, the house according to Zillow is valued at $239K? maybe.   If I had to value my house today with the addition and w/o the addition I would like to know the difference in value.
  • September 26 2012 - Bath
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Answers (2)

Profile picture for Dublinguy
Without having any additional information I'll be willing to give you some general parameters to help you answer your question. I agree get a Realtor to give you a CMA to establish todays market value; until then here are some general thoughts. I guess the cost of the addition & changes had a cost of around 40K. Add that to your pre value basis of 284K, you were comewhere around 325K. From'06 till the present assume a 25% decline in value, your area could be more, could be less. That would put you in the area of 243K at the present time.
  • September 27 2012
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Profile picture for nwhome.us
Remodeling Magazine does an annual report of Cost vs, Value for you.
Pick the nearest city and you should be able to get a rough idea.  Otherwise connect with a Realtor and have them do a CMA for you.
  • September 26 2012
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