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Updated over 5 years ago,

User Stats

367
Posts
195
Votes
Cody Z.
Pro Member
  • Rental Property Investor
  • Belmar, NJ
195
Votes |
367
Posts

Repair siding as part of BRRRR.. Worth it?

Cody Z.
Pro Member
  • Rental Property Investor
  • Belmar, NJ
Posted

Currently rehabbing our first BRRRR and have been wondering whether it is worth adding new siding to the equation.

Wanted to ask everyone (appraisers very curious what you think 🤔) if when going for a cash out refi if replacing siding really moves the needle.

https://drive.google.com/drive/folders/1-3eFmQ4pJtk9fx6sg_qR8Y1RIjhXJkZI

My uncle thinks we can get the siding done for sub 3k for both units. My thoughts are if the siding is upgraded (see link above) the appraiser may be drawn to the higher end of the range for the comps (total gut and rehab inside so everything will be clean there).

Thanks in advance for your thoughts and help everyone!!

  • Cody Z.
  • Loading replies...