Change the Way You Look at Rising Assessed Values
If you look at the rising assessed value of your home as a negative, you’ll never be happy about it. Instead of seeing it as a negative side effect of home improvements, try to look at it as an opportunity. The rising assessed value of your home means you have the potential to earn additional money every year. If you want to earn more money from your home, you have a couple of options. First, you can sell your home and purchase a more expensive one. While this may sound like a good idea at first, it’s not a very practical solution. You’ll likely have to pay a lot of capital gains tax when you sell the home again. The second and much better alternative is to simply increase the assessed value of your home. This can be done by adding new features or improving your home’s appeal.