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Reply to "Renovating to raise appraisal value? "
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[quote=Anonymous]A remodel does help appraisal value, but style choices don't matter. Literally, an appraisal will say something like "standard kitchen" if no Reno in 15 years or so, and "modern kitchen" otherwise. You'd have to go incredibly high end to get much of a bump, and you will come out at a loss if you over improve relative to comps. Number of beds, baths, and square footage drive the vast majority of appraisal value. If you are literally only looking to increase equity, it is much easier just to put money down. Most remodels do not return 100% of price as value. [/quote]
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