I know forumites here do renos then have new valuations done for the extra equity but what I'd like to know is whether you request for the valuer to do an internal inspection to value these improvements.
I've had a few valuations now and at no time has any bank or valuer requested to enter my properties.
We have done significant renovations and improvements on our PPOR in very recent years both externally and internally and believe the new value based just on the reno would be much greater.
So do you just tell the bank and they up the valuation or do they request to enter?
This is more curiosity as I have more than enough equity to work with. It's the servicability on borrowing on the lot that's the problem .
I've had a few valuations now and at no time has any bank or valuer requested to enter my properties.
We have done significant renovations and improvements on our PPOR in very recent years both externally and internally and believe the new value based just on the reno would be much greater.
So do you just tell the bank and they up the valuation or do they request to enter?
This is more curiosity as I have more than enough equity to work with. It's the servicability on borrowing on the lot that's the problem .