Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Evaluating House Price
Hello,
I am hoping that some of you folks can enlighten me in this situation. I am putting a house in the market. The property is a single-family with the permit to be converted into a two-family. I am wondering what would be the criteria you would use, if any, to calculate the value of this permit opportunity in order to define the property sale price.
In order words, I am able to find out what a single-family would comp at, however, I am not sure about what is the extra value that the approved permit will add to the property.
Thank you in advance.