Hi all - This is my first post, and I’m looking forward to getting some insight.

All sarcasm aside, no, please stop, and don't do this.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

-NationsIt makes little to no economic sense to do a renovation in this neighborhood.

Thank everyone again I'm new to this site but it is an amazing sounding board and everyone gives such amazing feedback. 

So, you're doing the right thing checking things out before submitting your construction plans.Hope this helps

Hi Folks - Thought I'd make this a sticky in the "New Member Introductions" Forum. 

However, upon finally gaining access to the home it appeared that the water was running from every faucet in the house.

Will it immediately move to full transaction price, or does this jurisdiction use some sort of flat percentage increase.You should know how frequently the property will be reassessed thereafter.

This development aims to enhance housing options and significantly increase property values.