Date Home Was Purchased

Purchase Price

Percentage Increase in Value

Over

Years

Theoretical Current Value

Improvements Made To Home

Cost to Improve

% Return

Increase

Attic Bedroom

84%

Bathroom addition

91%

Bathroom Remodel

77%

Deck Addition

72%

Electric (from 100 to 200 amp)

50%

Family Room Addition

83%

Finished Basement60%

60%

Fireplaces (zero clearance)

100%

Furnace

50%

Garage, 2 Car

80%

Home Office, New

67%

Hot Tub

10%

Inground Pool (used about 25% of the time)

25%

Landscaping (typical $5,000 cost)

50%

Major Kitchen Remodel

90%

Master Suite

84%

Minor Kitchen Remodel

94%

Neutral Decorating (carpet, paint, etc.)

110%

Plumbing

50%

Roof, New

50%

Siding Replacement

73%

Storage Shed, Permanet

50%

Two-Story Addition

83%

Windows, New

74%

Total of Improvements

Theoretical Price Including Improvements

To be conservative, a 5% increase in value over the years is used.

Rate of return figures are based upom national averages and can

vary in different parts of the country.

Many appraisers decline to answer questions on the value of particular home improvements because each situation is unique and no information should be regarded as a guarantee. We at Forsythe Appraisals, LLC, as a service to you, would like to offer our opinion on the cost effectiveness of a few of the more common improvements, as seen through the eyes of an appraiser. These are general guidelines only.

As a homeowner, you will want to make whatever changes are necessary to enhance the enjoyment of the home for you and your family, but be aware that the cost of the improvement will often not be totally recaptured in an appraisal or sale of your home.