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Updated over 7 years ago on . Most recent reply

User Stats

50
Posts
30
Votes
Corey Schaecher
  • Rental Property Investor
  • Saint Louis, MO
30
Votes |
50
Posts

Appraisals -What Has Helped You to Get Top Value for BRRRR

Corey Schaecher
  • Rental Property Investor
  • Saint Louis, MO
Posted

We're 2/3s through a rehab and are wondering if there are certain add-ons or repairs that will help us get the highest appraisal we can.   Besides the obvious (comps., sq footage, bedrooms, baths, etc.) what, exactly, are appraisers looking for that might help us squeeze out a few extra thousand on the appraisal numbers?

The question started with respect to landscaping and water heaters in a duplex.  We've replaced the main stack and plumbing throughout the house.  The water heaters are old but functional.  Will an appraiser notice the water heater - even then, would it have any baring on the final appraisal value?

I'm curious what people have found worth the extra investment and have paid off in terms of getting a higher appraisal for BRRRR purposes.

Thanks!

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