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Appraisal Question?

In 2010 my home apprised for 258,000 and since then I done some upgrades
I added 4 car garage with a second floor
Patio, Landscape, hardscape and lighting
Gas stone fireplace
After adding the upgrades my house is being appraised for the same amount.
I feel this is very unfair, is there anything I can do about this?

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July 12 2012 - Stewartstown
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Profile picture for wetdawgs
Zillow does not offer appraisals. 

"What is a Zestimate?" addresses the impact of upgrades on the Zestimate (none (unless reflected in a tax assessment or sales number) as Zillow has no way to obtain data consistently on upgrades or condition).    However, if you did add square footage you can claim your home and edit the home facts. 
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July 12 2012
The odds are that your house has gone down in value in the past two years.  An appraiser will factor in the upgrades you added likely bringing you to the same price you were at two years ago.  

This varies by area of the country as some areas have held up better than others.  You don't say if this was done online or by a licensed appraiser either time.   If you are planning to sell, you still need to be in line with the comps in your community.
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July 12 2012
 
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July 12 2012 | 2 answers
  • Posted by user430461
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