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Updated over 5 years ago, 07/02/2019

User Stats

30
Posts
7
Votes
O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
7
Votes |
30
Posts

Properly Valuing a House After Repair

O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
Posted

Good morning BP community! I'm having some issues properly comping a SFR I came across. The home is originally 2br /2bth , but the garage was converted to a bedroom, making it a 3br/2bth. The conversion renovation was subpar so I'd like to comp it as a 2br/2bth home. The problem I have is that all the homes in the neighborhood are 3/2 with a garage.

Is there a certain formula/deduction you would use to comp a 2/2 with a garage in a neighborhood full of 3/2 with a garage? Thanks. 

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