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Updated over 2 years ago on . Most recent reply

User Stats

18
Posts
7
Votes
Joshua Zdunich
  • San Diego
7
Votes |
18
Posts

Refinance Appraisal Question

Joshua Zdunich
  • San Diego
Posted

Hello,

I closed on a cash purchase on 5/25 in La Jolla CA. I already have my refinance lined up and ready to go but I might have made a mistake with the appraisal and this is where I need help. So this property is going to be a complete gut remodel, with an ADU addition. After closing I was really excited and wanted some answers about the existing build so I opened up(tore out drywall) on two closets and a hallway. This is all before the refinance appraisal <----- I know, rookie move. So to all the appraisers out there, Is it ok to have those studs showing or do I need to drywall what I opened up? The house is a 5bd, 3.5ba, 2400sqft, 3 story, the demo was in the bottom floor.

Thanks in advance for all the help, my appraisal is scheduled on Friday.  

Most Popular Reply

User Stats

18
Posts
7
Votes
Joshua Zdunich
  • San Diego
7
Votes |
18
Posts
Joshua Zdunich
  • San Diego
Replied

Thanks for the suggestions!

I ended up calling the appraiser and telling him what I did and that I planned on drywalling it back up before he came by.  The guy was beyond cool, had me send him pictures and then told me there wouldn't be a deduction in value based off what he sees!!!  Super happy because I hate drywalling and I absolutely hate spending time/ money on mistake :)

Thanks again everyone! 

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