MAYBE – Remember the new bathroom or deck will increase the value of your home when completed and taxes are based upon assessed value. But, not all new projects increase the assessed value simply because many projects only maintain your property’s value. New additions or garages, though, will have a greater impact on your assessed value than siding or windows or a new roof.
But think about it – If you let the condition of your house start looking rundown, whether inside or out, the actual value will go down, your assessed value will go down, and if you want to sell, your asking price will go down to match the condition of the property.
Keeping up appearances with new siding, or roofing, energy efficient fixtures and mechanicals, and keeping your property up to current standards and codes, not only helps preserve your value, but also the values in your neighborhood.
Posted in: Property Assessment