As we changed mortgage lenders, our apartment was revalued. An appraisal is just a snapshot of the value of a home and really completely uninteresting if it is not followed by a sale. Despite that, it is nice to know that our loan-to-value ratio is not higher than roughly 32% of the current valuation, or just under 51% of the purchase price for the price 10 years ago.
The increased interest & energy prices have already started to affect sales prices negatively. We hope we have the opportunity to buy a studio apartment in the near future that can be used as an office. It doesn't work that we have the office at home because I was brought up not to put anything off, so all time becomes work time.
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