These reports assume a subject property is in average condition for the neighborhood with no substantial improvements or deficiencies when compared to any other typical home in the neighborhood. Therefore, the Valuation report is not going to take into consideration those upgrades or renovations. The Valuation Report is one piece of the puzzle when pricing your home. The Valuation Report will provide a high and low range for your property. It is left to the buyers and sellers to make value adjustments based on how much the upgrades and renovations adds to them in terms of overall value.