Calculating ARV when all Comps have Garage and You Don't

[Michael Goldberg]

I have a house under contract that seems to be a solid BRRR. The only issue is that every comp has a garage and my property does not. How do you account for this when calculating the ARV?

[John Morgan]

@Michael Goldberg

I’d take off about 10-15k for no garage. But you gain that back by the extra living space so it evens out. I’ve got 4 houses with converted garages and the appraisers count those bonus rooms/extra bedrooms as living space so my comps all came in high.