How do you boost ARV on tight budget?

[Torend Ebner]

I have a short sale opportunity available on a two story 3000 sqft duplex for $27k. I've got a $25k rehab budget. Zillow / Trulia estimate value at $105k.

The place needs a furnace, which will run about $3k installed. Also needs appliances in the kitchens. Will need paint in the interior.

At $52k all in, I need a minimum valuation of $70k. With this rehab budget of $25k, what are some of the best ways to boost the ARV?

Interested to hear your ideas!

[Jaysen Medhurst]

ARV is set by the market, @Torend Ebner. If ARV is truly $105k, they you can achieve that by bringing the property in line with comps. Can you achieve that with the $25k renovation? With residential properties upgrades rarely pay for themselves (e.g. $5k granite counter tops don't command a $5k higher price vs. similar home). You make your money by buying below market and putting in the work. Sounds like that's exactly what you're doing.

BTW: I wouldn't trust Zillow/Trulia. Have your agent pull actual comps.