House owned by wife before marriage but refinanced by wife after husband finishes basement
Question Details: Wife refinanced house after marriage-husband not on refinance. Husband contributed to all expenses and spent 2 1/2 years finishing off basement. Is husband entitled to half of all equity or just half of equity created by finishing off basement. We got married 2 1/2 years ago and I moved in with her in her existing house, I finished off basement and garage with the understanding we would sell and buy a larger house after finishing
Mary Commander / Mary G. Commander, Attorney & Mediator
Answered 3 years ago
This attorney is licensed in Virginia
View Attorney Profile
You may be entitled to the increase in the value, if any, created by the improvements made to the home. This would require expert testimony from a real estate appraisor that the work did increase the value.
