We’ve recently had a 40sq metre extension added to our home. We are one of 2 homes on the road that are the exact same inside. My neighbour remortgaged and they said they said it was worth 235 so I said ok ours is bigger so we’ll say 250 they’ve only come back and said 225 not sure how they actually work out this. He came in with another guy and I think was measuring or checking for damp idk they kept using a tool against walls 😂 We
Had one done last year before extension and the guy said yep that’s fine no problems in remortgaging with that value so we thought oh we undervalued it ourselves. Last year a guy came and looked round and said he goes by how he thinks we’ll decorate it basically potential of the home. We’re still renovating so I’m wondering has this guy done it on the pool of the property but he can see the high spec of the rest of the house that we have done so far. So now this time they’ve said it’s not worth what we think. I def think it is especially if next doors was worth more as like I say we’ve doubled our floor space downstairs, and we have 2 bathrooms next door only has one? We were hoping to get our ltv down. Any ideas? Thanks