Wednesday, January 4, 2012

House Hunters - Appraisal = Head Scratch!

I heard from the bank today about both appraisals. The new house appraisal was fine. No problems, no surprises. However, this was NOT the case with the rental appraisal. Why? Well... our house appraised for slightly less than it did 2 years ago - seriously we refi-ed our house almost two years ago. Since the refi we reno-ed the kitchen with granite countertops and manufactured hardwood floors - which I mentioned to the appraiser when he came. So please go ahead and scratch your heads with me and explain how we put in all the money and are seeing ABSOLUTELY NOTHING in terms of a return on investment. Sign of the times I guess. Yet another reason why we renting this house out because we would have to sell it for nothing.

1 comment:

  1. It is hard to fix it yourself, please do not do it. I tried to repair a broken shower by myself and the problem was not fixed but it became more and it made me to spent more money. You can contact any renovators, my cousin changed the counter top of his kitchen through kitchen countertops.