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Updated over 3 years ago,

User Stats

8
Posts
1
Votes
SivaNaga Prasad Shola
  • New to Real Estate
1
Votes |
8
Posts

Question on Appraisal

SivaNaga Prasad Shola
  • New to Real Estate
Posted

Hi I am a new investor working on my second property.

The house has major foundation fix, its a pier and beam. It went through 23piers and 6beam replacement and good house lifting. 

After foundation fix, the brick on the back side of the house is off the foundation. I got a quote of 9k to replace brick back and both sides of the house.

Video of backside of house : https://photos.google.com/phot...

I can't afford 9k at this time, Thinking of replacing the brick on backside and move on. 

I wanted to know how would it effect the appraisal value? In the initial scope of work (Hard money loan and appraisal), I didn't mention about brick repair but it came after foundation fix.

Appreciate any suggestions on brick repair.