What Lenders Look for in a Renovation Appraisal

This kitchen renovation, for so long just a gleam in my iPad, is becoming a reality, and that's exciting. I'll be paying for a good deal of it out of pocket, but I'll need to borrow additional funds. Let's take a look at the number-one thing a lender looks for to approve renovation financing: Will the current value of the home support the current mortgage loan amount plus the renovation amount you want to borrow.

Financing and Return on Investment for a Major Kitchen Renovation

Via Berkshire Green

The kitchen renovation I've been dreaming of has finally arrived, and I'll be paying for a good deal of it out of pocket. But adding up cost estimates so far for cabinets, countertops, and appliances, I can see I'll need additional funds. Financing a renovation isn't a topic many home blogs cover, so I thought I'd share my discovery process. Let's take a look at the cost of a major kitchen renovation and the estimated return on investment (ROI).