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So as to find out what the After Repair Value of the house will be, merely take a look at what value properties comparable to yours are bought in the half a mile radius in the final 3 to 6 months. Get a repair estimate and asses the after repair value of the property. Make an offer on the property and within the contract embody clause saying that if an appraisal contingent on the repairs you are planning to complete comes in at lower than what you are estimated you'll be able to stroll away from the deal with none penalties. All you need to do to get restore estimate is find a few contractors who will give their estimate of the work you want to get carried out. If you really get you mind set on a specific residence and seriously contemplating the purchase you can hire an appraiser. Get at least three solid estimates.
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