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Home Appraisals A Key Renovation Tool

During the past several years, the home renovation industry has experienced phenomenal growth. As most home appraisers would agree, more and more homeowners are choosing to remain in their current residence as the cost and affordability of homeownership is skyrocketing. Some mortgage brokers and lenders are ordering more appraisal assignments that reflect two values within the report, namely "as is" and "as if the renovations are completed". In order to adapt to the changing times, all parties-
Appraisal is a first step in renovation process

Over the past several years, the home renovation industry has experienced phenomenal growth. More and more homeowners are now choosing to remain in their current residence, choosing to renovate, as the cost and affordability of homeownership is skyrocketing. As a direct result, some lenders are ordering appraisal assignments that reflect two values within the report, namely “as is” and “as if the renovations are completed”.
Looking into Renovating Your Home? Consider Having an Appraisal Performed Before You Start

What is my property worth? This is the most common question asked and the answer is best obtained by having an independent appraisal completed. An appraisal consists of a thorough property inspection, location analysis and an investigation of relevant market data, and equating that information into an indication of market value for the property. Your property's value is often the cornerstone of your financial well-being and consideration should be given to having its value established by an ind