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Updated over 4 years ago on . Most recent reply

User Stats

82
Posts
17
Votes
Coley Mitchell
  • Investor
  • Greenville, SC
17
Votes |
82
Posts

How to discount a house for being ugly when doing an analysis?

Coley Mitchell
  • Investor
  • Greenville, SC
Posted

I'm looking at a house tomorrow as a potential next value-add project (either flip (primary) or BRRRR (secondary)) that can only be best described as "ugly." Was built in early 60s and if I had to categorize the style would say poorly executed art-deco. It is smooth stucco with a flat roof. It is definitely VERY different than the typical ranches and craftsmen style homes in the area. That being said, the numbers are interesting. In my initial analysis I factored in a 10% discount for being ugly. Is that enough? Anyone have experience trying to flip an ugly house in a great area?

  • Coley Mitchell
  • Most Popular Reply

    User Stats

    82
    Posts
    17
    Votes
    Coley Mitchell
    • Investor
    • Greenville, SC
    17
    Votes |
    82
    Posts
    Coley Mitchell
    • Investor
    • Greenville, SC
    Replied

    Appreciate feedback @Account Closed.  Yes, it is def "cosmetic ugly."  Layout is pretty good actually.  Would remove a couple a half walls and could have a very open, flowing floorplan.

  • Coley Mitchell
  • Loading replies...