I’m interested in trying to knock PMI off my mortgage and wondering if any of the improvements I’ve done will boost appraised value. I’m not concerned with marketability or true ROI, as this is a long term home and the improvements were worthwhile to me. I just suspect they may not have impact on appraisal and looking for opinions! House is in CT.
replaced 19 year old single zone oil heating system and 7 year old A/C with heatpump and mini splits (high energy efficiency model)
replaced 1960s fiberglass insulation with spray foam in approx 1/3 of the home, had crawl space sprayfoamed and vapor barrier added
gutted and redid about 1/3 of home (got rid of popcorn and raised ceiling height about 2”, new flooring and trim, new exterior door, recessed lighting)
opened wall from kitchen and expanded kitchen footprint about 16 Sq ft)
added a built in snack/beverage bar (custom maple cabinets, laminate counter, built in bev. Fridge)
converted 30sq ft entry and 30 Sq ft storage closet into 60 Sq ft mudroom with custom cabinetry, new drywall, new lighting, new flooring. I’m most curious about this – have I technically increased the room count by doing so, and if so, does room count even impact appraisal?
Thanks!!
submitted by /u/murphire
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I’m interested in trying to knock PMI off my mortgage and wondering if any of the improvements I’ve done will boost appraised value. I’m not concerned with marketability or true ROI, as this is a long term home and the improvements were worthwhile to me. I just suspect they may not have impact on appraisal and looking for opinions! House is in CT. replaced 19 year old single zone oil heating system and 7 year old A/C with heatpump and mini splits (high energy efficiency model) replaced 1960s fiberglass insulation with spray foam in approx 1/3 of the home, had crawl space sprayfoamed and vapor barrier added gutted and redid about 1/3 of home (got rid of popcorn and raised ceiling height about 2”, new flooring and trim, new exterior door, recessed lighting) opened wall from kitchen and expanded kitchen footprint about 16 Sq ft) added a built in snack/beverage bar (custom maple cabinets, laminate counter, built in bev. Fridge) converted 30sq ft entry and 30 Sq ft storage closet into 60 Sq ft mudroom with custom cabinetry, new drywall, new lighting, new flooring. I’m most curious about this – have I technically increased the room count by doing so, and if so, does room count even impact appraisal? Thanks!! submitted by /u/murphire [link] [comments]
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