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Updated about 5 years ago on . Most recent reply

Appraisal on Renovated Duplex
Hey BP nation!
Back in 2016 we bought a top and bottom duplex. Since we have experienced a fire and literally renovated the entireeeee place...from electrical to plumbing to a new roof...new floors, bathrooms, etc. We bought the place for 79,900 and since have put about 45-50k into it. Tomorrow we have an appraiser coming and I really hope that his appraisal will reflect those #'s.
I have prepared for him pictures of what the property previously looked like as well as some pictures of the renovation process. I have also put together a list of exactly when things were updated and what exactly was updated. I also have set out the original home inspection report from when we purchased the property. Am I allowed to give these things to the appraiser? Is he going to think I'm crazy or is this going to put him off?? I don't want to do the wrong things here but I also want to fight for my property because I know the quality of work that was put into it and that it's definitely no wheres close to what the property was 2-3 years ago when we bought it.
Any input from people with appraisal experience would be greatly appreciated!
Thanks guys :)
Most Popular Reply

You can provide that to the appraiser, but you ought to keep in mind that the cost of your improvements doesn't necessarily reflect added dollar for dollar value. Some appraisers can react poorly to this kind of stuff, but you never really know unless you ask. If the appraiser doesn't want the information, I would not try to insist that they take it. At that point, it's best to back off or they can say you are trying to improperly influence the value then they can just leave and you're out of whatever the appraisal fee is.