October 16th, 2013 11:04 AM by Doug Cooke
Ok, you have some extra money and want to do some remodeling to your home. One of the first questions you want to ask yourself is, what will this improvement add to my enjoyment or to the value of my home. The second thing you should do is call your local realtor or appraiser. As both a broker and appraiser for over 30 years I usually see the end result and have to be the bearer of bad news. Recently, I witnessed a home where the owners added almost 100% of the home's value to the improvements. The worst news was that over 50% of the alterations did not add any value. It was heart breaking for me to give them the bad news. Protect yourself and just give your local appraiser or realtor a call and ask him if he thinks the improvements/alterations will add to the value of the home. This could be one of the best calls you will ever make.