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Updated almost 6 years ago on . Most recent reply

User Stats

36
Posts
22
Votes
Christopher Madden
  • Rental Property Investor
  • Mountain Top, PA
22
Votes |
36
Posts

Should I pave (blacktop) my SFR BRRRR

Christopher Madden
  • Rental Property Investor
  • Mountain Top, PA
Posted

I am finishing up my first BRRRR in an upper middle class home in a great school district. I have money in the budget to pave or blacktop a driveway for about $6,000. I already have equity in the property I will be around $135,000 all in and the ARV is $175,000 - $185,000 ish including the money to blacktop. I keep going back and forth on blacktopping, thinking things like will it help my appraisal, will I be able to get a better tennant? is it worth the cost? I figured id reach out to all you lovely people to hear your thoughts and opinions. thanks so much

  • Christopher Madden
  • Most Popular Reply

    User Stats

    50
    Posts
    17
    Votes
    Replied

    What does the neighborhood and comps show? In both Colorado and Missouri I don’t see a lot of asphalt (blacktop) driveways. I have seen a few in more we’ll off areas but not your standard neighborhoods.

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