Home Renovations during a Home Appraisal-Can it be done? I am having a home appraisal done in a few weeks, however I am having major work done on my single family home. I am updating a kitchen and a bathroom, among other areas. The reason for the real estate appraisal is I am refinancing my house, no cash out. I am confirming based on your experience it should not be a problem work is being done on the house during the time of the home appraisal? Please advise. Thanks.
We owned the home for only 2 years during our marriage but put 14,000 into upgrades such as insulations, new bathroom floor, sink etc, new water heater, running heat ducts to each room upstairs instead of 1 vent by the steps, replaced old sliding doors with french, new front door etc.. This is 14,000 we sunk in the home during our marriage just at that area. We also bought an outdoor wood burner that heats the water and pipes it underground to heat your house off your own wood safely and heats water for free. This was around $10,000 apprxx and maybe 2 gran is owed. My soon to be x is saying there is not any equity in the home so that he gets to keep it, along with most of my things too. I have the appraisal from Jan 2005 and it has 2 figures one is 138,000 the other maybe 118,000 which is what we talked them down to for the sale. As of Jan 2007 110,000 was owed on the principle. I am saying we put a lot into the house it has got be worth more than what is owed. Any advice?