Appraisal came in at purchase price

[Elizabeth O.]

Hud asking price 115,000

Purchased at 100K with closing cost assistance

Appraisal today came back at 100K.  Honestly I was expecting around 115K.  I have read its common for the appraiser to come in at or right around your contract price. 

They appraised at a 3 bed 2 bath home.  It has a half bath on the main level that has nothing in it so they didnt count that square footage or even note the halfbath.  They also appraised with no appliances in the kitchen. 

I'm a bit concerned over the appraisal price as I plan to refi and get cash out within 6-12 months.  Not to mention that I feel like I didnt get a good deal soley on the appraisal number.  

Hopefully after we add the bath and finish off the kitchen It will appraise for the amount I wanted 135-145 in 6 months.    There have been sales in the 140 range lately.  Is it true that once 6 months is up the banks will not look at old appraisals?

Am I putting too much thought into the appraisal I just got back?