My advice is going to be somewhat different than those below. I would get another appraisal before first. I built a house about 7 years ago with a whole lot of equity. This was my 4th house and I plowed all my gains on previous houses into this one.
Over the past 7 years I have had 2 appraisals, one for the initial mortgage and one for a refinance. Both appriasals were for 80 to 85% of what I had put into the house and for what other houses in the neighborhood were selling for. The first appraiser didn't even come in the house. The second did but it was obvious he didn't know what he was doing. He couldn't even figure the square footage with a set of plans in his hands that I gave him. All they were interested in was making sure that the value of the loan was covered.
Since my loan was only for about 40% of what I could sell the house for they of course covered the loan value with a very conservative estimate.
What I'm saying is that the appraiser may be underestimating the true market value of your house.
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Today's Featured Article - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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