Yesterday I got news back about our home valuation and fortunately it was good news! Five years ago when I started this blog our home was valued at $380,000 by our bank. Over the last few years prices have dropped and three of our close neighbours have sold in the last few years with prices from $343,000 – $360,000. Needless to say we’ve been worried about how it would be valued, given that it needs work done.
When the valuer came we had just ripped up all the carpets, removed wallpaper and we’re in the middle of painting several rooms. The valuation had to reflect the value ‘as is’ and that came in at $350,000, which was a good result. But he also added in that $370,000 was the more realistic value with painting done and carpeting complete. We are really pleased with that! We would have been happy with $350,000 AFTER we’d finished all the reno work that needs to be done!
So it’s reassuring to know that we are being realistic about the house value. DH has been organising qoutes. We have builders coming to quote of removing and replacing the front verandah railing and plumbers coming to quote of digging up the broken pipe, replacing it and clearing out another blocked pipe.
I know I need to update on the painting. We’ll be back into that this weekend.
![IMG_0665[1]](http://www.myjourneytoeliminatedebt.com/wp-content/uploads/2012/01/IMG_06651-300x225.jpg)

