11/03/2026
APPRAISAL MYTH OR FACT?
“The more I spend on an improvement, the more value it adds to my home.”
MYTH.
Cost and value aren't the same thing. A $30,000 improvement doesn't automatically increase your home's value by $30,000.
Appraisers look at how the market responds to that improvement. Some upgrades may contribute significantly to value, while others may provide more personal enjoyment than financial return. If your house is better than most of your neighbors, then it probably cost more than it is worth.