How do additions impact resale value and appraisal value?

Change for the betterMany times, homeowners look at the size of their home and assume that all living space is equally valuable on a price per square footage basis. That’s not always the case.

Expansions: Distinguishing Square Footage

In Silicon Valley, we frequently see tract neighborhoods of smaller houses, say 1,000 to 1,500 SF, in which additions have been made. Sometimes it’s an unattractive “pop-up” or “box on the top” which doesn’t match the home’s design or the look of the neighborhood. Other times it’s a tasteful expansion which blends seamlessly into the home. So how differently will these be priced?

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