Renovating your home is an exciting step toward creating your dream living space—and potentially increasing your property’s value. But after investing in new floors, a kitchen upgrade, or a full bathroom remodel, many homeowners ask the same question: Should I get my home appraised after renovation? The answer is usually yes—especially if you plan to sell, refinance, or assess your return on investment (ROI).
Let’s explore why a post-renovation appraisal can be a smart financial move.
Why a Post-Renovation Appraisal Matters
- Know Your New Property Value
Home improvements like adding square footage, upgrading appliances, or modernizing interiors can significantly boost your home’s market value. An appraisal gives you an accurate, professional estimate. - Refinancing Advantage
If you’re considering refinancing your mortgage, lenders will often require an appraisal. A higher home value after renovation can lead to better loan terms or lower interest rates. - Sell for the Right Price
Planning to list your home? An updated appraisal helps you price it competitively based on market value—not guesswork. This can shorten time on the market and maximize profits. - Track Your ROI
Not all renovations add equal value. An appraisal helps determine if your investment paid off, especially if you did major work like a room addition or structural upgrades. - Insurance Adjustments
Home insurance should reflect your property’s current value. A new appraisal ensures your coverage matches your upgraded home.
Best Time to Get a Home Appraisal
The ideal time for a post-renovation appraisal is right after the work is completed. This ensures all changes are documented and the improvements are still fresh. Keep receipts, contractor details, and before/after photos to show the appraiser.
What Home Improvements Add the Most Value?
- Kitchen remodels
- Bathroom upgrades
- Finished basements or attics
- Energy-efficient windows and systems
- New flooring and paint
- Curb appeal improvements (e.g., landscaping, siding)
FAQs
It’s not required unless you’re refinancing or applying for a home equity loanbut it’s highly recommended for tracking your home’s new value.
On average, $300 to $600, depending on your location and home size.
Rarely. However, over-personalized or poorly executed renovations may not yield high returns. Consult a real estate agent or appraiser before starting.
Yes, but professionally completed work generally adds more value. Keep detailed records of any DIY upgrades.
The inspection itself usually takes 1-2 hours, with the final report ready in 2-7 business days.
Final Thoughts
A post-renovation appraisal is a smart step to understand how your investment translates into real-world value. Whether you’re selling, refinancing, or just curious about your ROI, a professional appraisal ensures you make informed decisions. It’s a small cost for potentially big financial benefits.