Does the new toilet and vanity need to be installed before my appraisal on Monday?
I have just completed installing new tile in my main bathroom. I have an appraisal scheduled for Monday to get a home equity loan. Is it going to greatly reduce my appraisal value if I don’t have the new toilet, baseboard, and vanity installed by then? Will they essentially look at it as one less bathroom on the house? Or is it not that big of a deal? The home last appraised for $140,000 in 2021. 1600 square foot home in a small Midwest town.
I can probably finish it by then but am running low on funds and was wanting to use a portion of the loan to complete the project.
I have just completed installing new tile in my main bathroom. I have an appraisal scheduled for Monday to get a home equity loan. Is it going to greatly reduce my appraisal value if I don’t have the new toilet, baseboard, and vanity installed by then? Will they essentially look at it as one less bathroom on the house? Or is it not that big of a deal? The home last appraised for $140,000 in 2021. 1600 square foot home in a small Midwest town.
I can probably finish it by then but am running low on funds and was wanting to use a portion of the loan to complete the project.