Real Brief - LI & NY's Real Estate Show! Is it possible to buy a home and renovate it with one mortgage?

Business insider recently shared an article of their own on social media regarding how a young couple purchased a property that need a great renovations in the neighborhood of their dreams. They used a third-party loan to renovate the property and the bank appraised the property in its future renovated condition versus the condition they bought it in. Why did this happen? What do you need to look out for for this? Is this normal? I have all of your answers right here! 516-444-5341