Is appraisel necessary?

aaaaaaaaMarch 12, 2010

Hi,

Is it necessary to get home appraisal once the basement is finished? I finished my basement with all permits from the city, but not sure if the appraisal needs to be done. I live in New Jersey.

Any suggestions/advice welcome. Thanks in advance.

Anna

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logic

Each NJ municipality has its own rules, but I have never heard of an appraisal being required by any entity other than one that will be lending money (e.g mortgage, HELOC etc).

Are you selling and you want to know how much value the finished basement has added?

    Bookmark   March 12, 2010 at 10:34PM
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linda117117

I think you are talking about a reassessment from your city. They will do this all on their own when the come for their final inspection.

    Bookmark   March 12, 2010 at 11:17PM
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graywings123

I don't know but I love your screen name!

    Bookmark   March 13, 2010 at 8:45AM
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