I'm currently negotiating on a couple properties for a rehab.I Live and invest in Tucson AZ and i'm having a hard time determining the price differences between 2 bedroom to a 3 bedroom and a 3 bedroom to a 4 bedroom extra.
Can someone please assist me with inform on how to verify the price difference between the number of bedrooms in my area.
@Saxxon Rybski you'll want to pull comps for both two, three, and four bedrooms in the area then determine what if any price per sqft difference there is among units in similar condition. Honestly the price difference between 3 and 4 beds is a square footage conversation 9 out of 10 times. The amount of difference in value between a 2 or 3 bed is super dependant on the area.
@Tylor Billings thanks thats what i was already doing. I just thought there may be an easier and less time consuming way
@Saxxon Rybski if you have MLS access it should only take about half an hour. If not you could hire someone to put together a broker price option.
@Tylor Billings thanks i have access to the mls