Increase in Property Value

[Daniel Rutherford]

I recently completed a renovation to a property which increased it's appraised value significantly.  I've recorded the original purchase of the property as well as the improvements in Quickbooks.  However, since QB sees my fixed asset still valued at the original purchase price it makes it look like I have negative equity, and my financial statements are out of whack.  How do you show the increase in value to the property in Quickbooks?