Asked by Aubry Wooten, Atlanta, GA • Sun Oct 17, 2010
All, I certainly appreiciate all the responses. The appraiser would not talk to the seller. The bedroom, in addition to having a regulation window, private entrance etc., has a dedicated HVAC. Three bedrooms vs. four certainly affected the value (on paper) and actually reduced the value after $90,000 of renovations. May 2009, the house appraised for $462,000. After the renovations, (two bedrooms upstairs combined for a beautiful master bed and bath, hall bathroom updated, basement finished to include large bedroom, family room, exersize room and storage. With all these upgrades, the house appraised for only $398,000 one year later. The house is located in Breckenridge with house values between 500K to 900k. Is this a judment call on behalf of the appraiser not to include the 4th bedroom there by driving down the value of the home?
Real Estate in Atlanta
Popular Categories in Atlanta
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!