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In article <1149716158.825160.232150@h76g2000cwa.googlegroups.com>,
phrankbooth@hotmail.com wrote:
> Next month I am going to do a refi. I've just remodeled a room into a
> kitchen extension (small eating area where there was none to begin
> with) and a closed-in bedroom. I think this has added value to my
> place.
>
> I would like some advice about how to present this if at all to a bank.
You present it to the bank in a format called an "appraisal".
You can hire your own appraiser, but the bank will likely
want to use one from their own list. But in general, unless
you have finished off unfinished square footage, the fit and
finish is not going to matter much. The appraisal usually
compares similar houses, or uses a formula based on so much
per square foot of finished space.
-john-
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John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
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Re: refi ammo?
