Are we making a mistake?

In order to pay for the house and renovation costs, we had to take out a construction loan. As many of you are likely aware, an appraisal is part of the loan application process. The bank wants to make sure that its money is being spent wisely, so an appraiser comes out to assess the “as is” value of your property, and then they take your construction plans into consideration to come up with a value for the home when everything is said and done.

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