In most parts of the country, going solar will
actually increase your property value more than a kitchen renovation.
Not exact matches
There is
actually already a cap on how much assessments can
increase per year and over five years, meant to smooth out
increases but which sometimes leads to residual
increases even after
property values seem to stop rising: six percent a year for class one
properties, or 20 percent over five years.
And, as longtime industry consultant Mike Shatzkin mentioned from the floor during questions and answers, there might be cases in which fair usage has
actually increased the
value of an underlying
property, rather than diminishing it.
Therefore, if
value of your home equity will
increase year on year, even if nothing is
actually done to the
property.
This has been true over the last number of years because
property prices have been
increasing, and without much work the
value of your asset is worth more by the time you
actually own it.
The key consideration is whether or not the improvements
actually increase the
value of your home, provide new uses, or extend the life of the
property.
Of course,
increasing property values (H1 comprehensive income
actually included a $ 42 million revaluation bump!)
The case concerned whether a municipal Assessment Review Board could
increase the
value of a
property assessment where a taxpayer had
actually applied for a decrease.
Nobody
actually likes having an HOA when they're subject to it, but they do tend to
increase property values as well as keep the neighborhood at a certain level.
A 1999 study commissioned by Rutgers University and the University of Texas at Austin, discovered that
property values in Texas cities
actually increased by as much as 20 per cent when the
properties studied had historic designations.
The whole business is like The Hunger Games with those at the top often not honest about how they made it — ie inherited money, relied on a spouse's income, have a pension, assumed mortgages when possible and made money when
property values increased — borrowed equity to survive, have rental income, or sold their own
property, or have teams —
actually serfs below them — or declare bankruptcy and start over leaving debt behind.
As a real estate investor, I
actually once paid to cut down a neighbor's mango tree to help
increase the
value of my own
property I was flipping.
If you can
increase economic occupancy (the number of people
actually paying rent each month), improve conditions and raise rents, and operate the
property where you are maintaining everything and adding things like water conservation that reduce expenses you can dramatically
increase the
value of the
property on just a 10 %
increase in NOI.