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Updated over 5 years ago,
Raise or lower my property value?
So this may seem like a stupid question and may still be but here it is.
I purchased my first home last year, not an investment just a home. This house was 350k that seems someone probably on BP did a flip on and I made them lots of money.
But then I decided to get into house flipping and ended up buying the house directly behind my current one. This house purchased at 236,500. This was total gut job! Subflooring up basically. Fast forward 3 months we are so close to being done and thus being my first refi I'm unsure how it works.
The details are
Current home. 2bd 2 bath. Fenced yard, hot tub, 4 sheds!
Rehab home. 3bd 2bath same ish sft, everything new.
During the remodel my current house became very messy, things piling up infront of the house, looks like crap.
My question really is would you let my current house look like **** being worth at least 350k and hopefully make the new house worth more because it looks so much better or just clean everything up and make both houses look great and raise property value that way? Running comps for similar homes and they are at right around 400k.