Any guess as to how much it will increase the value of a home that has a new basement wall put in, new boiler, new hot water tank, new standing seam 50 year Metal Roof, new landscaping ( Shrubs), and a new tile floor in the front entry way ?

Its hard to have added value of things that the home should have anyway..... good roof/ good boiler/ good hot water heater

Probably not much Bob. Money is best spent on kitchens, bathrooms, master bedrooms to be reflected in increased resale value

the metal roof and landscaping are going to increase your property tax. are you going to sell or stay? if the answer is stay it makes no sense to voluntarily raise the value/property tax. might be able to call the metal roof maintenance but if you have asphalt shingles the thieves will likely call it a home improvement.

A house in need of all the things you mention(except maybe landscaping) is of very low value. If the neiborhood is a good one, doing those improvement could make make a house that is worth very little an easy sell and well worth the expense.

Getting rid of your crazy neighbor lady will bring it up even more than all that!

Sorry Canvas, just had too!

A old real estate agent told me once that you can do a lot of damage to yourself at the courthouse with a can of paint and a brush.

I basically killed myself by home improvements. Bought a house for 36,500, lot next door for 15,000. Put another 30 into the house and 10k into a garage/shop and its now valued at 165k. Great if I would sell but wifey don't want to move.

It's hard to get a house financed that needs a lot of what was fixed. Landscaping is a taste thing for those that desire it, and a tax increase for those who desire your money. I removed the landscaping from our front yard when the guy down the street sold his house for $30,000 more than nicer houses brought a couple years ago. They'll be through doing a re-evaluation of our section soon. Home improvement to increase value really is found in the kitchen, bath, master bedroom. Even there you gotta be careful not to put more into any of those rooms than the house's over-all potential sale price is. Like trapping, LOCATION is key to a property's value.

There are two answers to your question if your home is in WI or other RE tax states. How much more will you be able to list your home for, probably 5-10% at most if any.
How much more might your RE taxes go up? It will be based on the building permit and the dollars entered into that and multiplied by whatever factors that are included until the next more complete municipality assessment will take place.

Bryce

When we do things to our house, the people that think they need to know about them, DON'T get told about them. They come to the door and say this is what we have listed about your house, have you done any improvement? We answer not that we can see, ya'll have a nice day watch your step on the stairs.

Kitchen was done a few years ago. New slider window in the Kitchen. New Refrigerator, Stove, Microwave and Dishwasher . Replaced all the cabinet pulls on the Kitchen Cabinets. New white Ceramic Tile in the Kitchen. New Kitchen faucet.


Bathroom : New tile floor , new American Standard Handicapped accessible Toilet. Vanity in the Bathroom was refinished.


As for the Master Bedroom, since the house is old, not much can be done in there , except give it a good coat of paint. Both of the Windows in the Master Bedroom were replaced with new Double Hung Windows.

Tough to say. Our market is considered good by the local realtors because all of the houses are selling. I consider it terrible because all the houses that are selling are selling for 80 cents on the dollar of what the asking prices are. It's a buyers market right now so I would have to say it will not get you much when you sell it.
I think the other guys are right about the taxes. I wanted a front porch and had to submit a plan on how it was going to be built, get a permit, have it engineered, then the tax assessor showed up before the contractor to get actual sizes for the tax bill. Anything they see done to your home will make it more valuable to the tax man but then when you got to sell it - that won't matter to the buyer.

Very true!


I had a friend that died almost 10 years ago. The Assessor valued his property at $275,000. After he died , the heirs put the house on the market. It was on the market for over a year, when it finally sold. The price ???


Just under $90,000 !

The new owners had to argue with the Assessors and the Assessment Board to get their Property Assessment reduced. They finally got it done, but the Assessors fought tooth and nail not to do it.

It is hard to answer that question without knowing more about your neighborhood, etc. But the big warning that I would offer in terms of improving your property and hoping to gain that back with a higher resale price, etc, is to NOT EXCEED the neighborhood. I know people that have sunk major $$'s into their place with the notion that it would increase their property value. Only if your house is now the "tall pole in the tent", meaning the most expensive/valuable place on the block, there is going to be a real limiter on how much of an increase in value that you can count on. A given house is rarely going to be valued at more than say 20% more than all of the others in a given area.

Now then, if your house is on the low end of the neighborhood, you could realize some very nice gains via bringing up to par with the neighbors.

the township tried raising taxes on my 85 year old aunt after we re-roofed her house and painted

for "improvements" she contested saying a new roof replacing an old worn roof is not an improvement it is upkeep.
like wise paint or siding repairs are also upkeep.
a new furnace to replace a failing one also upkeep.

she had not added one square foot of new space

if she allowed the roof to fail the wood in the attic would rot the house would fall in on it's self in several years and be of no value to the township.

they held her taxes the same as before

you will probably have to contest it but upkeep should not raise your taxes.

10 years ago real-estate was a hold different world in 2008 I had a realtor telling me I could list my house our area was not really hit by the 2006 bubble bursting only down about 3-5% yeah well what started in the collapse of 2006 just took time for that many dominoes to fall and effect Rural WI.
two months later the company I worked for laid off several people because of the the bank collapse even though the company had been making payroll the bank insisted they have more cash on hand and in very short order or they would not give the line of credit the company always had , others started to do the same thing , by Dec 2010 I had 12 foreclosures I could see from my front porch. house values dropped by 40% that is a lot considering we never really entered the bubble like other places so they said so a 120K house you could now have for 70K. fast forward to 2018 and you could have the same house for 105K

county tax assessors rate right up there with social workers in my book

You can spend tons of money on appliances, tile, carpet, paint, etc but if the buyers don't like it they will lowbid you big time.