How Home Improvements Affect Your Offer
Even when comparing
exact model matches within a tract of homes, you should note whether the
previous owners have made any substantial improvements. Cosmetic changes
should be largely ignored, but major improvements should be taken into
account. Most important would be room additions, especially bedrooms and
bathrooms. Other items, like expensive floor tile or swimming pools
should be taken into account, too, but should be discounted. A pool that costs
$20,000 to install does not normally add $20,000 in value to the home.
Rely on your agent to give you guidance in this area.