Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3
Posts
2
Votes
Jordan Kuhle
  • Brookings, SD
2
Votes |
3
Posts

Raising appraisal value: Split utilities or focus on renovations

Jordan Kuhle
  • Brookings, SD
Posted

Hi guys! Finally bought my first rental property. It is a duplex in need of a full rehab. I am wondering what appraisers focus on more with an investment property? NOI or condition and amenities. I can lower my monthly expenses $300 a month by splitting the gas and water, but it would cut into my rehab budget quite a bit. In a perfect world I would split utilities and do a full renovation, but for now I'd like to focus on getting a high appraisal and getting my money out of the deal. Then I would save up the money to convert the utilities over the next few years. Just wondering what you guys would do in this situation and knowing what to focus on for a higher appraisal. Thank you!

  • Jordan Kuhle
  • Loading replies...