ARVs on SFRs values varying

[Nicolas Ake]

Hello everyone,

How in depth is an appraisal before attempting to refinance? Is it possible for it to appraise for about the same you purchased it for even after putting in $10-$20k? I am looking at houses that vary in value with similar square footage and beds and baths by $30k-$40k on the same street. I know they say dont have the nicest house on the street but in my neighborhood there are some people who have put significant effort into improving their homes and those look like they are the higher valued homes. As long as it's not the nicest house in the neighborhood you should be okay, correct?

Thank you!