Want to boost your house’s value with just one phone call? Let me share how I increased my home’s value by about $160,000. It’s simpler than you might think, and it starts with a call to the property assessor’s office.
Property assessors often have outdated or incorrect information, which can affect your home’s listed value and, consequently, your property taxes. If you’ve made any approved expansions or remodels, it’s crucial to ensure the assessor’s office has the correct details. This could significantly increase your home’s market value, especially if you’re considering selling soon.
Here’s a quick tip: invite a local realtor to assess your home. They’re usually up-to-date with market trends and property values in your area. This could give you a solid idea of where your property stands and suggestions for improvements or changes that could further increase its value.
Now, let me tell you about a recent challenge I faced. After converting part of my garage into a master bathroom, adding about 144 square feet of livable space, the city records didn’t reflect this change. Despite the project’s approval, my home was still listed at its original square footage.
Frustrated, I contacted the San Francisco Assessor’s office, only to learn they were backlogged by 3-5 years in updating records. I didn’t stop there; I reached out to my Neighborhood Assessor with evidence of the completed project. It took some persistence, including sending a video showcasing the new space, but it paid off. They finally acknowledged the update, which added not only the new bathroom’s square feet but even a little extra, boosting my home’s official size to 1,910 square feet—a substantial increase in value.
This experience taught me the importance of being proactive. If I hadn’t called the assessor’s office, my home’s value would have been underreported for years. It’s essential to ensure your home’s records are accurate, whether for tax purposes or future sale prospects.
Remember, keeping your home’s documentation up-to-date, like the 3R Report, which records all permitted work, ensures you won’t face last-minute hurdles when selling. It also helps to use visual proof, like photos or videos, to clarify any discrepancies with your home’s layout or features.
Lastly, building relationships with local realtors can be invaluable. They can help promote your property effectively when you decide to sell, ensuring you get the best possible return on your investment.
