Hidden Cost of Remodeling

Bottom Line Personal
April 1, 2004

Higher property taxes. Tax assessors use home improvements to reassess a house's value. Improvemnets that may boost taxes: Kitchen remodeling . . . bathroom addition or remodeling. Improivements that shouldn't affect taxes: Interior or exterior cosmetic upgrades, such as painting, putting up crown molding and lawn or landscaping work. These reassessments can be done anytime, even if a normal revaluation is not scheduled.

Richard Roll, President, American Homeowners Association, 1100 Summer St., Stamford, Connecticut 06905. www.ahahome.com

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