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Updated over 4 years ago on . Most recent reply
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Any investors in Wilmington, NC?
Any investors in Wilmington, NC? I’m positioned to buy my first investment property but would love to talk to other local investors who have experience in this market.
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@Steve Keisling I would agree with the agent. Not to state the obvious, but it all depends on the comps. I have reviewed hundreds of appraisal in the area. Some appraisers are a little bit more generous with a "condition" adjustment, however the features that carry a larger monetary adjustment are garages, porches, square footage, etc...
If the subject property has the same features (or less) than the comps, then new kitchens/bathrooms/interior may not add enough value.