Maximizing Refi for BRRRR

[Jesse Mitchell]

Morning BiggerPockets world.

I am currently on the first R and trying to plan my renovation in a way that maximizes my appraisal ( as expected)...

I have the opportunity to save about a grand on my rehab by having a used HVAC system installed.  It is a 7 yr old Lennox system and the new option for a grand more would be a GMC unit.  So my question to anybody out there is how much weight would a new HVAC have on the appraisal vs a used HVAC?  I personally feel that the Lennox still has a better long term usage than a new GMC but as I said, right now the main goal is maximized appraisal price.

Thoughts?

Thanks!

[Alex Deacon]

@Jesse Mitchell for the most part mechanicals have little affect on the market value. To increase value focus on Kitchens and baths. Paint and flooring and cosmetics. Appraisers are not much different then anyone else and if it looks nice it will appraise for higher. Also if its a rental property the income approach will help also so get your rents as high as you can before an appraiser comes out.