Target 8 - Home Repairs May Cost More

1 decade 2 years 2 weeks ago Tuesday, May 02 2006 May 2, 2006 Tuesday, May 02, 2006 9:18:58 PM CDT May 02, 2006 in News

Contractors who make repairs must have a building permit, which can affect the value of a home. When the Boone County assessor sees a permit in a homeowner's file at the end of the year, it's a sign improvements could have been made.

"If you add square footage to your home, finish the living area in the basement, if you add a garage, that is significant," said Boone County Assessor Tom Schauwecker. "That building permit would trigger a revaluation."

That revaluation would increase your home's value and your taxes. But what about a building permit for a new roof and siding?

"You know, we may go take a look at it, but that unto itself, our experience has shown, does not significantly enhance the value of your home, it's more normal maintenance," explained Schauwecker.

A home's value isn't supposed to increase because of hail damage repairs. But, with a new roof and siding, some people are taking advantage of the improvements and selling their homes now.

"We feel like we might be able to get a few extra thousand dollars for the house because we have done a lot of repairs on the roof, and the siding, and the garage door and a bunch of other things too," said homeowner Chris Sonkson.

A few extra thousand dollars not factored in by the assessor.

"A roof, if you replace the roof for three thousand, that the market has shown, does not enhance the value of your property by $3,000," noted Schauwecker.

"The timing for us was real good because we were going to put the house on the market about two weeks after it happened anyway," added Sonkson. "So, for us, it worked out really well."

The value of Boone County property rose 10% last year, which is another reason why your taxes might have increased.

More News

Grid
List
POPLAR BLUFF (AP) — Authorities say a man's body was found in southeast Missouri and the case appears to... More >>
1 hour ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 8:48:00 AM CDT May 21, 2018 in News
COLUMBIA – With a new terminal on the way, comes more possible changes to Columbia Regional Airport. A public... More >>
2 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:55:00 AM CDT May 21, 2018 in News
COLUMBIA – The MU Board of Curators will vote and set the tuition Monday for the 2019-2020 school year. ... More >>
3 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:01:00 AM CDT May 21, 2018 in News
COLUMBIA – The Columbia City Council will address an ordinance Monday on whether to approve of a special August election... More >>
7 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 2:41:00 AM CDT May 21, 2018 in News
MARSHALL - A standoff between Marshall police and an armed man ended without injury. According to a news release,... More >>
12 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 9:53:00 PM CDT May 20, 2018 in News
ROCHEPORT - The city of Rocheport honored two men on Sunday whose legacy has stretched across the state of Missouri.... More >>
15 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 7:09:00 PM CDT May 20, 2018 in News
AUXVASSE - Gov. Eric Greitens spoke at the 16th annual Fire Fighters Memorial Service on Sunday. The service was... More >>
18 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 4:05:00 PM CDT May 20, 2018 in News
COLUMBIA - The Missouri State Highway Patrol is taking to social media to spread awareness of National Safe Boating Week... More >>
18 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 3:36:00 PM CDT May 20, 2018 in News
FULTON - All 6-year-old Sam Santhuff wanted to do was comfort children in the hospital, even though he was there... More >>
1 day ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 6:47:00 AM CDT May 20, 2018 in News
CAMDEN COUNTY - The Missouri State Highway Patrol has released the identities of the three people killed and the two... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 6:42:00 PM CDT May 19, 2018 in News
COLUMBIA - Children in Columbia have a chance to get paid to play. Columbia Parks and Recreation started its... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 6:10:00 PM CDT May 19, 2018 in News
HAVANA (AP) — The Latest on the crash in Cuba of a passenger jet with 113 people on board (all... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 5:23:00 PM CDT May 19, 2018 in News
COLUMBIA - Over 90 people showed up at the Burr Oak Brewery for an afternoon of puppies, yoga and beer... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 4:50:00 PM CDT May 19, 2018 in News
COLUMBIA - Although it is nowhere near Halloween, some Columbia runners faced their fears by participating in a zombie-themed 5K... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 11:12:00 AM CDT May 19, 2018 in News
COLUMBIA- The city of Columbia has been ranked a top-ten affordable college town to live in by realtor.com. Factors... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 10:41:00 AM CDT May 19, 2018 in News
ST. LOUIS (AP) — The Mississippi River is above flood stage at several northeast Missouri locations, but forecasters do... More >>
2 days ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 9:29:44 AM CDT May 19, 2018 in Continuous News
(CNN) -- And they're married! Britain's Prince Harry and US actress Meghan Markle were wed Saturday at Windsor... More >>
2 days ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 7:09:00 AM CDT May 19, 2018 in News
COLUMBIA- The United states is experiencing one of the lowest birth rates in 30 years, according to the Centers for... More >>
2 days ago Friday, May 18 2018 May 18, 2018 Friday, May 18, 2018 9:08:00 PM CDT May 18, 2018 in News
Columbia, MO
Broken Clouds 68°
11am 73°
12pm 75°
1pm 77°
2pm 77°