The real answer to your question is take a look at the properties in your area that are selling for more than you believe your house is worth today and see if there are patters such as: square footage, price per square foot, bathroom tile, floor plans, paint colors, deferred maintenance, etc. and then see of those factors, which you can have any influence on with your current house and financial condition.

We're seeing costs right around $200 a square foot including all costs.

While increasing your property value, reducing carbon foot print, increasing cashflow, and make the rental property more appealing to high end consumers.It seems like a pretty solid plan to me, and I plan on implementing it when I get some rentals, can any landlords give me their opinions on this?

I then tore the house down and am building a 2,000 sq foot home that will cost me about 220k to build list price 650k in that area.. 220 plus 211 = 431k  cost of capital 19k in it 450k  sales costs 30k net profit 120k or so... will post pictures and numbers when done..

It's a "higher' end deal (will sell for $130/foot) targeting young well to-do professionals.

its like walking on the beach, people here leave foot prints.

That adversarial mechanism keeps contract purchase prices sane, and supportable by an appraisal.FSBO and other no real estate agent type deals, right back to Zillow, the crack pipe, the appraisal issues, and me having to explain that an underwriter doesn't care what Zillow says, price per square foot is not relevant to valuating real estate, no it's not worth challenging an appraisal based on Zillow and price per square foot, no we do not care what your uncle who was a real estate agent that retired 15 years ago has to say, et cetera.

But, in the wake of the changing administration, no matter who gets in the White house, I submit there will be many more "motivated sellers" who will visit selling at a discount price.For those who have experienced hardships in their mailings, my recent experiences tells me that we all should be putting our foot on the gas pedal especially in the upcoming months.

Even though you buy something for $150k, the cost to build it from scratch is estimated on a square foot basis.

Hello everyone I am located in Hong Kong, I have a motivated seller ready for a lease option, here are the details (remember that here in hong kong properties are sky high, so numbers are very high for only few square meters...This is a commercial space in a building that was build in 1994, the building is looking good, it is located at the centre of tsim she tsui with is a very popular area for business and good restaurant all over.The office was previously used and as a " Church " and owner was the pastor, he then sold it to new landlord.The new landlord have bought this property for investment, and had the office space for sale for a year but had no luck selling it.He bought the property in October 2015 for 7.8 millions HKD, and tried to sell it for 9.3 millions HKDFor your reference 1 million HKD about 12,000 USDThe seller have 2 different loans on the property:- Loan number 1: loan balance is 2.450.000 HKD with monthly payment of 13,000 HKD all included- Loan number 2: loan balance is 340.000 HKD with monthly payment of 10,000 HKD all includedOffice space is 1216 square foot, and it is just one large space, as previously used as a church, the space need to be renewed and put up to date.The property was bought from previous owner in 1994 for 4,800,000 HKD and was sold to the present landlord at the price of 7,600,000 HKDComps in the same building:- Sold in 2015, floor 11, sold price: 9,759,750 HKD- Sold in 2014, floor 14, sold price: 9,088,750 HKD- Sold in 2013, floor 5, sold price: 8,479,625 HKDAlso have comps from 2010, where same properties sold for about 5 to 6 Millions HKD.Seller is motivated as he can not sell or rent the property for the following reasons:- Property need some work as the previous used was a church, so everything is painted and installed just like in a church.- property is on the 18 floor and lift only go up to the 17 floor, so people need to walk up the stairs to the last 18 floor.In the same building the same floor space is rented from 20,000 to 25,000 HKD per month.There is 2,500 HKD management fees monthly.We have presented to the seller the following offer:- Monthly payment for 15,000 HKD all included.- sell price 7,800,000 HKD- Length 10 yearsSeller accept leasing option but refuse price and length and offer the following:- Monthly payment 15,000 HKD + 2,500 HKD management fees- Sell price 8,600,000 HKD- Length 36 monthsThe bank (HSBC) valuation on the property is 8,600,000 HKD (i believe this is how seller get this sell price).My original idea for the exit strategy is as follow:Supposing to get the all floor for 20 years length and with our terms and at the price of 7,900,000 HKDWe will invest about 390,000 HKD to renew the office and transform the office into 21 small office space that will rent for 3,500 HKD per month, making a monthly income of 73,500 HKD (- vacancy and other expenses and 15,000 rental would give us a minimum monthly income of 50,000 HKDWith a 20 years lease option, will give us 240 month at 50,000 HKD per month = 12,000,000 HKDWe will them buy the property at the agreed price and keep the office space.But as seller do not agree with our prices and length, i am not very sure about this exit strategy...The goal will be to keep the property as i am mostly looking to hold on all the properties i can put under contract.I do not need quick cash, and more looking at building a long term growth.Could you please advise some other ideas that would make sense?