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Updated almost 4 years ago,
Determine a house's CURRENT value?
Hello Bigger-Pocketers!
So I'm a somewhat experienced BRRR investor, doing my first flip! And I'm finding myself a bit lost.
I bought this house off-market. It needed a lot of repairs. I'm close to finishing those, and thinking about what to do next.
I've run comps, and I know what this house COULD sell for. But, aside from all the broken things, I think the house an landscape design really needs to be looked at. What I really want to know is:
1. How much is this house worth RIGHT NOW?
2. What needs to change to bring it to it's potential price?
And once I can answer those questions, it'll be up to me to determine which, if any, of the renovations and upgrades are worth it.
And these aren't questions I've had to face before on my rentals. I build them to be sturdy and to last, not for re-sale.
So, how do I go about this? Are there consultants available?