My husband and I are trying to qualify for a second mortgage. We just recently started remodeling the basement. It was done poorly the first time, with old wood paneling and vintage carpet. We've ripped it a; out and started drywalling anew. So far only the ceiling is hung. WE have all the materials in the house to finish the walls and we have rolled up carpet in the garage waiting to be installed. Because we're doing it ourselves it's taking longer, but I am worried it will hurt our appraisal. The last appraisal indicated a finished basement. Do appraisers take into account materials on site, or does the job have to be done? How bad will this hurt my appraisal. It's about 400 sq feet of our overall 1600 square foot home. |
Member Since
01/05/2004
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18 Posts
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