We recently had the house appraised to refinance it with a conventional mortgage. The report came in today, and...drum roll please...we more than doubled the value of the house from when we bought it! The current appraised value is $98,500 MORE than we paid for it! Which is awesome on many levels....
#1 - Through the refi, we can get all the money out of it that we put into it fixing it up, plus have almost 30% equity already.
#2 - Even in a down market, real estate karma has finally paid us back! (See first blog post to read about the spanking we took selling our bachelor & bachelorette pads.)
#3 - An outside observer has validated our work and considers our house "well maintained & highly marketable"...yeah!
#4 - Five+ months of work was worth it!!!
that's got to feel SO good! nice work, guys. you rock. and it's done just in time for a new arrival :)
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