Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for jeigenrauch

Does an appraisal take into account all the renovations completed or what the market is doing?

  • July 03 2009 - Durham
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (1)

It should but it is definitely possible to over-improve your home. It's unlikely you will see an increase in value equal to the amount you spent. Appraisers should definitely take into consideration what the market is doing but that could be a bad thing as they could deduct for an area that they feel is in decline.
  • July 17 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.