Should I Get My Home Appraised After Renovation?

If you’ve recently renovated your home — upgraded your kitchen, finished your basement, or added an extension — you might be wondering: “Should I get my home appraised after renovation?”The short answer is yes — and here’s why a post-renovation appraisal can help you understand your home’s true market value and make smarter financial decisions.

At Walson Consulting Inc., we provide certified, CUSPAP-compliant appraisals across the Greater Toronto Area and Ontario to help homeowners, lenders, and professionals understand exactly what a property is worth — especially after major improvements.

1. Understand How Much Value Your Renovations Added

Not all renovations add equal value. A modern kitchen or bathroom remodel might significantly increase your property’s market value, while aesthetic upgrades may not move the needle much.A professional appraisal after renovation gives you an accurate, unbiased opinion of value — based on recent comparable sales, local market trends, and the quality of your upgrades.This helps you see your return on investment (ROI) clearly and plan future projects more strategically.

2. Strengthen Your Position When Refinancing or Selling

If you’re planning to refinance your mortgage, an updated appraisal can help you access more equity or qualify for better rates.When selling, a recent appraisal provides a realistic market value, helping you price your home competitively and avoid leaving money on the table.Buyers are more confident when you can back your asking price with a professional appraisal report prepared by a Designated Member of the Appraisal Institute of Canada (AIC).

3. Keep Your Insurance Coverage Accurate

Renovations can increase your home’s replacement cost — which impacts your insurance coverage needs.A post-renovation appraisal helps ensure your insurance policy reflects your home’s new value, protecting you from being underinsured in case of damage or loss.

4. Plan for Property Taxes or Capital Gains

Depending on the type and extent of renovations, your property’s assessed value (and future property taxes) may change.If you plan to sell your home or use it as an investment, an appraisal provides a reliable record of value before and after renovations — helpful for capital gains tax calculations and CRA documentation.

5. Work With a Certified and Trusted Appraisal Firm

At Walson Consulting Inc., our appraisal reports are:

• Certified and CUSPAP-compliant (Canadian Uniform Standards of Professional Appraisal Practice)

• Accepted by major lenders, accountants, and law firms

• Prepared by Designated Members of the Appraisal Institute of Canada (AIC)

  
  

We specialize in residential appraisals for refinancing, renovations, estate settlement, capital gains, and more — delivering accurate, defensible valuations homeowners can rely on.

When Should You Order a Post-Renovation Appraisal?

It’s best to schedule your appraisal once the work is complete and before you refinance, sell, or update your insurance.If you’ve done substantial upgrades like:

• A full kitchen or bathroom remodel

• A basement finishing or legal suite addition

• An extension or second-story addition

• Major energy-efficiency or structural improvements

  
  

— then a professional post-renovation appraisal can give you valuable clarity on your home’s new market value.

Get a Free Quote Today

If you’ve recently completed renovations, find out how much your home is worth today. Contact Walson Consulting Inc. for a free quote within 24 hours.