Updated about 2 years ago on . Most recent reply
How Are You Finding/Creating Additional Value on Your Deals Today
In most markets with buyers and sellers not in equilibrium on price, what unique strategies and methods are you using to find and create extra value on your deals? A few that came to mind for me that I have heard over the years
1) Measure the property sqft, sometimes the sqft recorded at the county is incorrect, and you can find additional sqft which will raise the value
2) House additions, if the cost to build the addition is less than the value returned, you can create extra value here by adding on sqft
3) Find houses with say 1200sqft that only have 2bds/1ba, knowing that 1200 sqft is pretty big for only a 2bed house, there is likely a third bedroom you can add easily that will raise value.
4) Rezoning to a more favorable zoning that is more valuable to develop
5) Assuming VA or FHA loans with a lower interest rate
Let me know what additional strategies you use to find more value in your deals!