Profile picture for KarenMonteleone

My Zillow estimate does not take into consideration the $53,000 I spent on renovations and upgrades.

Kitchen - $25,000 (Complete tearout)
Roof     - $ 15,000 (complete tear off) 
A/C      - $5,000
Floors  -  $3,000   (refinish hardwood floors)
Landscaping - $4,000 (complete tear out and replant)
Bath Fixtures - $1,000

TOTAL - $ 53,000

  • September 01 2013 - Pontiac
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Answers (7)

Profile picture for wetdawgs
You are right.  Zillow's Zestimates do not take into consideration upgrades and repairs unless reflected in a new tax assessment or sales price.     Most repairs and upgrades give far less than 1:1 return on the costs when one comes to sell.
  • September 03 2013
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Profile picture for Herodotus2012
Zillow won't take it into account.  
  • September 03 2013
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Profile picture for JoshBarnettREIB
Check out the Remodel Cost vs Value 2013 chart for your region, this will give you an idea on what the improvements have done for the bottom line of the home. 
  • September 02 2013
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Unfortunately Zillow is almost always in correct with their data.  I am a Real Estate Broker in the state of Missouri and I am always having problems with them. I enter my MLS data on to our local board mls data system, it is then transmitted to realtor.com and a company called Point2.  These are the only two companies we as realtors in our area authorized the data release to. Zillow and Trulia scrape the internet for information on properties and then create their own listing.  As a realtor I have to call and complain to Zillow that they have my listing information on incorrectly. This is a National problem we are having with these two companies. Any information that is available online these companies have access to.  Example your assessed value on the property, these companies are stating that the assessed value is the market value for the home. These are two very different values
  • September 02 2013
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What you spent does not determine the market values of the house, any more than what you originally paid for those improvements.

A REALTOR will help you with a CMA based on the local market, and how that market values all the aspects of you home, including the upgrades and renovations.  You can find one that will do that free of charge, because like me, they know that 90% of for sale by owners will end up listing with an agent, so they have good reason to hope that once you have met them, you will chose them if your are not able to sell as a FSBO.

just watch out that the agent is honest, instead of just telling you  want to hear in hopes of that listing. 
  • September 02 2013
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Claim your house and make all the editorial comments you want to make in regard to your updates.............

Will it help your Zestimate go up??

Probably not, but it will make you feel better!

Then, forget about the zestimate - it has no bearing on true value
  • September 01 2013
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Read what a Zestimate is and isn't...

http://www.zillow.com/help/

  • September 01 2013
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