Ways to help increase property value

[Allan Tualla]

Hello Everyone,

I was just wondering what are things that can be done to a property that my ultimately increase value of a property. I know this can be many things, but I was hoping to have some ideas thrown out there that I may not of even thought of (especially being a new investor). thanks!

[Allan Tualla]

Quote from @Kevin Sobilo:

@Allan Tualla, maybe first think about how property values are determined/estimated.

For 1-4 unit residential properties, comparative sales are used to estimate value. So, property condition is the #1 factor.

For commercial and 5+ residential units, income determines value. So, it isn't just about condition. You can add value literally by just raising rents or reducing expenses such as by appealing tax assessments without changing the physical property at all!

 @Kevin Sobilo Thank you so much! Ill keep this in mind!