We believe that if you make improvements to your home that changes its value, you should get all the benefits. That’s why we use a tool called a Remodeling Adjustment.
To use the Remodeling Adjustment, you need to work with licensed contractors and fully document the project. We then use an independent appraiser to determine how the work changed the value of your home, making sure you receive full benefits. Because not all improvements add value whenever you are thinking about a project it is always a good first step to reach out to our team. It’s important to note that the Remodeling Adjustment is not available if the property is sold in the first three years. Some programs may be subject to additional restrictions, which your Program Specialist will always inform you of.