Interest rates continue to increase which has an effect on your borrowing power. Every 1% increase results in a borrower losing 10.5% of purchasing power or loan qualification. Maybe remodeling or expanding your current home is the answer because when you buy the next home you are paying the seller's premium as well as selling expenses on your existing home which may include real estate commission, seller concessions and sundry other closing costs. If you like your current home and neighborhood you may be able to use your current equity to remodel or expand. An appraisal of your current home can be a good measure of affordability in this case. Our staff is State of Minnesota CRPA (Certified Residential Property Appraiser) and FHA approved with over 20 years experience. We provide valuations for single family, town home, condominium, apartment, investment property, land appraisals, conservatorships, mortgage refinancing, private mortgage insurance (PMI) removal, divorce settlement, estate planning, employee relocation, bankruptcy valuation, investment and rental property valuation, IRS valuations, and tax assessment appeals. We also do market trend analysis for some of the largest lenders in the Twin Cities including Wells Fargo Bank, US Bank, TCF Bank, CPA's and Attorneys. With Spectrum Appraisal Services every client is a priority. Call us today at 651-769-0890 to discuss your personal needs.