I live in Iowa and our house appraised at 115,000 almost 2 years ago. We just had our central air and furnace replaced and put a bigger one than we had plus we had a new bigger water heater installed too. We are about to get another appraisal and was just wondering if the value will go up. Also we paid a little more than $8,000 dollars for all this.How much added value will replacing a central air system and furnace give to my house?
First answer was correct. Generally though any very new improvements
only yield about 80% of cost. The illogical part of this is that not doing them reduces the value by a greater margin. Been there.How much added value will replacing a central air system and furnace give to my house?
Tell the apprfaiser exactly what you had installed along with the receipts. It will add value to your house and only the apprfasers can answer that question.
now you can say its energy efficient with a new 13 seer system it should
your home should gain 110% of what you spent on it (assuming a normal growth in the economy). free advice: don't appraise now, wait till the bailout kicks in.
With the housing market where it is today, don't be surprised if your new appraisal is lower than the last.
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