asked

Is there a rule of thumb, algorithm, or process by which to estimate the value that renovations will add to a house? We would like to buy a house with an FHA loan and refinance ASAP to remove PMI. One strategy would be to increase the house's value by renovating the kitchen and other parts, get a new appraisal, and then refinance with a conventional loan at 85% Loan-to-Value.

July 15th, 2024

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