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Updated over 7 years ago,
Appraisals -What Has Helped You to Get Top Value for BRRRR
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!