Asked by Anonymous, Pittsburgh, PA • Tue Oct 23, 2012
We consulted with a mortgage broker last week about refinancing our 3 bedroom, 1 bath house. The previous owners finished the attic (not great, but livable) and there is an option for two more bedrooms. The broker said that if we added heat to these rooms, the house would be a 5/1 and appraise for a LOT more money for refinancing. Should we invest this money (approx. $6000-$8000) before refinancing?
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