how to gauge after reno appraisal value

3 Replies

does anyone have any suggestions on how to gauge after reno appraisal value. I'm just getting into investing and am learning the market. 

My plan is to BRRR and cash out refi and it's important i'm getting at least a 25% increase over my investment. Any advice would be super helpful.

Thanks!

Originally posted by @John Voychick :

does anyone have any suggestions on how to gauge after reno appraisal value. I'm just getting into investing and am learning the market. 

My plan is to BRRR and cash out refi and it's important i'm getting at least a 25% increase over my investment. Any advice would be super helpful.

Thanks!

 Usuallly an appraiser is looking for 3 "like kind" properties that sold in the last 3 months within 1/2 mile for comps. Or, you can have a real estate agent do "comps" for you.

Originally posted by @John Voychick :

does anyone have any suggestions on how to gauge after reno appraisal value. I'm just getting into investing and am learning the market. 

My plan is to BRRR and cash out refi and it's important i'm getting at least a 25% increase over my investment. Any advice would be super helpful.

Thanks!

 You can give a bid to an appraiser and ask for an after-repair appraisal. 

Have your realtor run a CMA using properties that match your finished product.

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