Brrrr a multi family

[Thiago Oliveira]

Is it possible for me to update a multi family,8 units, from outside. All Units are rented. I mean new fences, painting, fixing the pavement, adding car port and still get a good appraisal so I could get my money back?

[Taylor L.]

Commercial properties are valued based on net operating income. It sounds like this plan does not include increasing the rents and/or decreasing expenses, so it is unlikely this type of thing would move the property value.

That's one of the issues with buying older commercial properties. Most will need pricey repairs that do not increase the NOI.