Does Remodeling Increase Home Value? What Texas Appraisers Want You to Know
"But I Spent $80,000 Remodeling!" — Why Your Home Appraisal Doesn't Care What You Paid You spent $80,000 remodeling your house. New kitchen cabinets, quartz countertops, luxury vinyl plank flooring, updated bathrooms, and enough trips to Home Depot to qualify for your own parking space. The house looks fantastic. Your friends love it. Your spouse loves it. Even your mother-in-law had something nice to say. Then the appraiser shows up. A few days later, you discover your home's value didn't increase by anywhere near $80,000. What gives? Did the appraiser even notice all that work? Probably. But here's the part that surprises a lot of homeowners: The amount you spend improving your home and the amount those improvements contribute to its market value are two very different things. And no, it's not because appraisers have something against quartz countertops. Cost vs. Value: The $80,000 Question Let's get something straight right out of the gate. Appraise...