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Updated about 2 years ago on . Most recent reply
Fireplaces in rentals
we just bought a house to brrr which has a nice fireplace . we are considering closing it up to keep the future tenant from burning the house down . Does closing it up lower the appraisal when we go to refi ?
any input is appreciated!
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Nathan Gesner
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Quote from @Pedro Bartolomei:
we just bought a house to brrr which has a nice fireplace . we are considering closing it up to keep the future tenant from burning the house down . Does closing it up lower the appraisal when we go to refi ?
any input is appreciated!
Leaving it there but closing it up is a bad choice, in my opinion. Either leave it open for them to use or convert it to a gas/electric fireplace so they can enjoy it.
- Nathan Gesner
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