Got some good news today

[Matt G]

The wife and I decided it was time to add another room onto the house in case we have another kid. So we went to the bank for a home equity loan. I drew the plans when I was 19, started building when I was 20, and moved in at 21 so we built it fairly. It's only a 2 bedroom 2 bath metal building. We were worried that the value wouldn't be in the house to take out what we needed for the addition and today I was pleasantly suprised when the appraisal came in. For the house, which is only 1,400 square foot under roof and the almost 3 acres it sits on, it appraised at $175,000. Taking into account that it only cost me $50,000 to build I'm freaking pumped! I want to sell this one and build another house now. I see how that whole flipping houses can be addicitive.