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Reply to "Renovating to raise appraisal value? "
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[quote=Anonymous]We have had 2 appraisals in the last 7 years. The first once we had only re-done one bathroom. It was a low appraisal. Fast forward 7 years we did a major renovation - entire basement, and new kitchen, all bathrooms are now new, new windows, floors etc. Significant improvement in appraisal value. We when asked the appraiser he said that he rates the level of finishes - so our old kitchen was not original 1950's but a 1990's update the one we just put in receive his highest rating - we have inexpensive appliances but it was all new. Same with the bathrooms - 1950s were considered poor, current renovation was rated high. So they aren't looking at exact finishes but they will note if age and quality to come up with the value along with sq footage. [/quote]
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