Even when
comparing exact model matches within a tract of homes, you should note
whether the previous owners have made any substantial improvements.
Cosmetic changes should be largely ignored, but major improvements should
be taken into account. Most important would be room additions, especially
bedrooms and bathrooms. Other items, like expensive floor tile or swimming
pools should be taken into account, too, but should be discounted. A pool
that costs $20,000 to install does not normally add $20,000 in value to
the home. Rely on your agent to give you guidance in this area.
