Hi Guys,
Just wondering out there, how soon can you get a revaluation on your property.
If you buy a house, do a reno on it, is there a minimum time you have to wait before getting another valuation. I heard it was 6 months from somewhere. (maybe with regards to the banks valuers?)
I know the decision would be based upon the general inclination on house price direction, but it would be good to see how much your reno added to the property in the same property cycle you bought it in. (or there abouts). I know it will also depend on how 'equity strapped' you are.
The main reason is to increase equity in order to purchase additional properties.
What is the minimum time?? Is there one??
Cheers
F
Just wondering out there, how soon can you get a revaluation on your property.
If you buy a house, do a reno on it, is there a minimum time you have to wait before getting another valuation. I heard it was 6 months from somewhere. (maybe with regards to the banks valuers?)
I know the decision would be based upon the general inclination on house price direction, but it would be good to see how much your reno added to the property in the same property cycle you bought it in. (or there abouts). I know it will also depend on how 'equity strapped' you are.
The main reason is to increase equity in order to purchase additional properties.
What is the minimum time?? Is there one??
Cheers
F