Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 7 months ago,
Buying SFH with ADU, then rehab, will increase ARV?
Hi BP Team! I've learned so much through this forum and really want to get my real estate journey started. I am considering a property listed at $800,000, which includes a 2-bedroom, 2-bathroom main house (1100 sq/ft) and a separate ADU of the same size. The ADU has separate meters and a separate address but is being listed as one property. The property requires significant rehab and I am considering to put in a lower bid than the asking price. The comps in the area, which are 3-bedroom 2-bathroom or 2-bedroom 2-bathroom homes (1100-1500 sq/ft) with no ADU, are valued around $800,000. I am curious about the ARV once the renovations are completed. Could you provide insight into whether the presence of the ADU will help boost the ARV beyond the comps that I am seeing? Thank you in advance!