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Updated almost 6 years ago on . Most recent reply

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Mark Lira
  • The Dalles, OR
15
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12
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Preparing for HELOC appraisels

Mark Lira
  • The Dalles, OR
Posted

Hello

I will be getting an appraisal in a month, on my primary residence for a HELOC. I have read a lot of articles on what to upgrade, remodel repair ect. Most of these have been done and I am confident in a good appraisel. It got me thinking if there was anything further I could do. My question is; has anyone had experiences where a minor upgrade or feature unexpectedly raised the value of a house, or one that didnt raise it or even detracted from the value? I would love to here your stories and advice. Thanks!

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1,135
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CJ M.
  • Rental Property Investor
  • Canton, OH
1,194
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1,135
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CJ M.
  • Rental Property Investor
  • Canton, OH
Replied

@Mark Lira

While making it look nice probably won't hurt, I don't know if it really matters. The reason I say that is I had a tree fall through the roof of my condo garage and the association still hasn't matched the cedar siding color and downspouts (since next year they're replacing everything). In other words it looks like crap compared to all my neighbors.

I asked the loan officer if that would hurt the appraisal, and she no, they go more off recents sales/comps. Anyway, my appraisal fortunaty still came in ok.

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