This week we write about " Property Estimating" ,Current Market Value (CMV) & After Repair Value (ARV). Finding the cost can be tricky and sometimes harder than you might think. Here are a few tips to help make this process a little easier and less pain staking . With a little help from our friends around the Investing World we gathered
some ways that will bring you closer to a price that is a win-win for everyone involved.
- Visuals
- Internet Estimators
- Contractors
- Appraisers
- Comps
- Property Inspectors
- Kelly Blue Book- Just Kidding. no blue books here.
- County's Assessor's
- Estimating Programs
- * Experience-- after completing one or two you will get the scope of things.
- Materials List / market cost for mat'l varies from county to county, Ask your material stores for skews w/ pricing list. some offer these valuable list for FREE.
Nothing is king in estimating more than actually doing some of these projects yourself, as a Builder it comes with time and time is experience and exp. turns estimating into second nature. But for those who don't have the exp.in residential building, remodeling ,rehabbing or any other residential and property fix ups, do not fear, you have plenty of ways to accumulate estimates. If you have your doubts about anything in need of repairs or replacement, look at the cost involved for replacing and repairing. If you have any questions regarding this area ,feel free to submit your questions. We will post more on this subject down the line, so get out and start estimating your properties to profits.
Hblogs
Gregory Hernandez
