When it comes to getting top dollar for your home, not all upgrades and improvements are created equal in the eyes of an appraiser. At Infinite Focus Appraisals, we’ve spent over 15 years evaluating what features actually move the needle on property values.
While certain additions or modifications may create that “wow” factor for potential buyers, our appraisers know to look beyond the sizzle to assess a home’s substantive worth. Fancy additions like high-end closet systems or converting existing space into an extra bedroom often fail to provide a significant value boost.
The True Value Determinant: Gross Living Area So what IS the most critical factor in assessing a home’s market value? The gross living area (GLA) – the total heated square footage. Increasing the overall GLA through a square footage addition carries far more weight than remodeling or reconfiguring within the existing footprint.
Appraisers place heavy emphasis on GLA because it so directly impacts livability, utility, and demand from buyers. Comparable properties with a larger GLA will naturally be valued higher, regardless of cosmetic or stylistic touches.
Style vs. Substance Don’t get us wrong – aesthetic and functional improvements can make your home more appealing and marketable. Factors like updated kitchens/baths, hardwood floors, smart home tech etc. all contribute to a great first impression and overall saleability.
However, from a pure valuation standpoint, appraisers like us focus more on substantive elements – quality of construction, amenities that increase living space or lifestyle versatility, and how the home’s GLA, lot size, and condition compare to similar properties in the area.
Count On Infinite Focus for an Honest Assessment At the end of the day, an appraisal aims to determine a home’s fair market value based on real market data – not unsubstantiated wishful thinking about a project’s perceived value. Our veteran appraisers provide an honest, unbiased evaluation to protect all parties involved in a real estate transaction.
When you work with Infinite Focus Appraisals, you can be confident you’re getting a comprehensive, ethical assessment adhering to the highest professional standards. We take pride in our nuanced understanding of what features truly drive residential property values.
Thinking of selling your home or simply want to understand its worth? Don’t hesitate to contact our team so we can be every step of your appraisal journey!