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We did $80K of improvements inc. w/addition & wrap around deck. How can our home value be $23K less?

  • Question refers to 6 Pondview Ave, Mashpee, MA 02649
  • April 03 2010
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Answers (3)

Best Answer

Return on investment does not add up on most "improvment,"
http://www.houselogic.com/ will give you some idea.
Value price is determined more by "CMA" or COMPS"
  • April 03 2010
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Is it a Zillow estimate or are you looking at a change in the opinion of value from an appraisal?  The average price for the area suggests values have dropped, generally, by about 25% during the last couple of years ending Jan 2010.  A $23K reduction in the scheme of things may be a good thing, relatively speaking.  Does that help?  
  • April 03 2010
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Steven do not sweat it. What you are looking at is a Zestimate not the value of your home. You can go in and claim you your home and ad the upgrades to it and increase your value. Some people play a game on zillow and see who can increase the zestimate of their property more. One of my neighbors has went in and his home shows a zestimate of almost 700,000 in a 180-200 neighborhood. Relax get on and play and realise it takes a real estate to give a good estimate of value.
  • April 03 2010
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