I have a question about ARV in BRRRR

[Simon Obas]

Hello everyone. Can I determine a home's ARV based off the other homes values on the same street? I have not been able to find true comps for this home that I'm looking at. Any information on how I can figure out the ARV would greatly appreciated!

[Cassi Justiz]

You may have to branch out further. Generally speaking when I run comps I look for homes in the same neighborhood within about 20% of the sq footage of the subject home. Ideally same bed/bath count. Appraisers generally look for similar finishes, beds/baths and sq ft. 

For ARV, I would look for something fully remodeled to the same level that you plan to remodel. People get burned when they run their "ARV" numbers based on high end retail flip finishes and then do a landlord grade remodel.