Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

13
Posts
2
Votes
Jason Long
  • Investor
  • Anderson, SC
2
Votes |
13
Posts

Can you make too much on a property?

Jason Long
  • Investor
  • Anderson, SC
Posted

This is to start a discussion about something that is very opinion oriented. We all know losing money on a deal is bad. And there has to be a break even where it was worth your time. But, then there are those times when you bought a property right, fixed it and sold it for a nice profit. My leading question is referring to the last of these options. 

Can you make too much? What I mean is do you put in basic options to make an extra buck or do you upgrade things that don't have a ROI per se to give the new owner somethings nicer? In turn, not making as much but giving the new owner more value just because you can.

I can expound on this by an example I've run into. No matter the finishes you choose, you're still stuck with comps to determine your ARV. I am installing a patio French door on the back of the house I'm working on. I could have gotten a standard insulated glass unit or low-e. The low-e cost $46 more. I'm probably not going to make $46 more because I chose to use it. The new owner, however, will benefit from having it while the sun is blaring down half a day (door faces east.) do you make the call to make more money in these situations or do you feel, "I'm making enough on this deal, I'm going to give them something nicer."?

Love to hear some opinions on this. 

Loading replies...