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Updated almost 6 years ago on . Most recent reply

Should I pave (blacktop) my SFR BRRRR
I am finishing up my first BRRRR in an upper middle class home in a great school district. I have money in the budget to pave or blacktop a driveway for about $6,000. I already have equity in the property I will be around $135,000 all in and the ARV is $175,000 - $185,000 ish including the money to blacktop. I keep going back and forth on blacktopping, thinking things like will it help my appraisal, will I be able to get a better tennant? is it worth the cost? I figured id reach out to all you lovely people to hear your thoughts and opinions. thanks so much
Most Popular Reply

What does the neighborhood and comps show? In both Colorado and Missouri I don’t see a lot of asphalt (blacktop) driveways. I have seen a few in more we’ll off areas but not your standard neighborhoods.