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Updated almost 4 years ago,
Finding confidence in my ARVs
Hey BP,
As I continue to practice analyzing BRRRR deals, I'm finding that I feel great at every stage except truly feeling confident with my ARVs!
Although I run my comps, research recent home sales, etc.. I feel as though the comparable properties in the market I am investing in ( a very beautiful but also very rual area of the midwest) are almost all outdated when it comes to layout and design. When I look at my rehab estimates, I always favor much more modern design details than what is seen in the area.
Am I seeing an opportunity to breathe a little life into the real estate market or should I be weary of just how well an "aesthetically pleasing" property will perform when estimating the ARV?
Hope I'm making some kind of sense.. thanks for any advice!