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Updated over 6 years ago,
Need Advice on Appraisal portion of BRRRR
I have been paying cash for homes but just took out a HELOC to start utilizing the BRRRR method. This is my first attempt and I could really use some advice. I am worried about over rehabbing and then also worried about not doing it good enough if that makes sense.
Some of the questions I have are in terms of making sure the house appraises for what it should.
#1. Will ceramic tile floors in kitchen and bathrooms appraise for more than luxury vinyl floors?
#2. The roof is older and will need a new roof in next few years, should I just go ahead and put on a new roof now? Will the new roof boost my appraisal enough to make it worth it?
#3. How much does new landscaping truly help the appraisal?
#4. Is the "Just Sold" feature on Trulia a decent starting point for finding comps?
I have searched and read up on this stuff but would like to hear from the experts here at BP.