Profile picture for hawk6

what's the market value after fixed up?

  • Question refers to 19585 Albany Ave, Southfield, MI 48075
  • January 26 2010
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Answers (3)

There should be a few comparable properties within the same neighborhood as your remodeled home. Yes the amount you put into the home will help the maximum value you can achieve. Watch out. In your neighborhood there is a maximum resale value, so watch your budget.

Work backwards. How far below today's market value do you need to be to absorb the expenses and make the return you would like?

What is the three highest values achieved for the same size home within the past three months? What was the condition of the homes that have closed escrow? Is the location of the comparable s similar to your home or better or worst?  Just some questions, there are many more.
  • February 15 2010
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Profile picture for realtorjay1
It totally depends on the level of improvement compared to other similarly improved homes in the immediate area. Only a thourough study of recent sales in the neighborhood can accurately answer this question.
  • February 15 2010
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Profile picture for FDC
  • FDC
  • 2659 contributions
About $130K
  • January 27 2010
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