1. What is Home Value Increase?

Home value increase represents the appreciation in your property's market value over time. It's calculated by subtracting the original purchase price (old value) from the current market value (new value).

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• New Value — Current market value of your home
• Old Value — Original purchase price or previous valuation

Percentage Increase: The calculator also shows the percentage increase, which is calculated as (Increase / Old Value) × 100.

3. Importance of Tracking Home Value

Details: Monitoring your home's value appreciation helps with financial planning, refinancing decisions, understanding equity, and making informed decisions about selling or renovating.

4. Using the Calculator

Tips: Enter both values in dollars. For most accurate results, use professional appraisals or comparable sales data rather than estimated values.

5. Frequently Asked Questions (FAQ)

Q1: How often should I check my home's value?
A: Annually is reasonable for most homeowners, or when considering major financial decisions involving your property.

Q2: What affects home value appreciation?
A: Location, market conditions, property improvements, neighborhood developments, and economic factors all influence appreciation rates.

Q3: Is this the same as equity?
A: Not exactly. Equity is current value minus remaining mortgage balance, while appreciation is value increase regardless of financing.

Q4: Should I include renovation costs?
A: Renovations may increase value, but not always dollar-for-dollar. This calculator compares total values before and after changes.

Q5: How accurate are online home value estimators?
A: Automated valuation models (AVMs) provide estimates but may vary significantly from actual market value. Professional appraisals are most accurate.