Determining the appraisal of your flip

[Benjamin Verrill]

Hi everyone! I have another newbie question for those that have been flipping for a while. When it comes to determining how to bring the target value of a property up, how do you determine what to do for repairs/improvements? Is this based off of comps? For example, say my company purchases a 3br/2 bath for $100k. Would I look at other properties that are similar but worth more and try to make mine like them? I’ve read books on flipping, gone trough the BP blogs, but have never really seen an answer to this. I appreciate your feedback!

[Brian Pulaski]

You want to make your house look as nice/nicer than the target ARV. Look for the similar 3/2 houses, in similar areas, with similar lots, etc... Then find the best ones. Shoot for a similar finished product and then assume your house will be worth a similar value. Don't over improve and don't under improve.