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Updated about 1 year ago on . Most recent reply

User Stats

54
Posts
15
Votes
Scott K.
  • Rental Property Investor
  • Bushwick, Brooklyn
15
Votes |
54
Posts

Possible to hire an appraiser prior to renovation work?

Scott K.
  • Rental Property Investor
  • Bushwick, Brooklyn
Posted

Hi there, we purchased an older farmhouse we're looking to rehab and reside in.

We anticipate that renovations could be fairly costly, but are hoping they will improve the home value such that we can recover a sizable portion of the capital via a cash out refi.

Do any of you have experience hiring an appraiser prior to renovation work? We want reasonable certainty that we can indeed recover the capital outlay (and the expected amount) before going ahead with the renovation.

Thank you!

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