...and my house went down. Quite a bit, actually. It's now worth almost 5% less than it was this time last year. I'm torn between being happy and upset. Happy because a lower appraisal means lower taxes and insurance (or at the very least, they won't go up!). Upset because now I've put more into my house than it's worth! I don't owe more than it's worth, but still.
And I don't plan on selling my house any time soon, so it's not like the appraisal makes much difference to me right now. And I do know that the stats on my house aren't quite accurate - if you include all the basement work it's probably worth a bit more. But I'm not sure. I can't figure out how they determine these things. I've looked at a bunch of houses in my neighborhood that are the same style, and I can't figure for the life of my how they set the values. (also, here's hoping all that coding works through an e-mail post!)
( When in doubt, make a table! )
And I don't plan on selling my house any time soon, so it's not like the appraisal makes much difference to me right now. And I do know that the stats on my house aren't quite accurate - if you include all the basement work it's probably worth a bit more. But I'm not sure. I can't figure out how they determine these things. I've looked at a bunch of houses in my neighborhood that are the same style, and I can't figure for the life of my how they set the values. (also, here's hoping all that coding works through an e-mail post!)
( When in doubt, make a table! )