EPISODE 008: Part 1 of 2: Residential & Commercial Property Values & How to Change Them
Categories: Strategy & Tips
Description & Show Notes: In this episode, we talk about how Residential and Commercial Properties are valued, what makes them different and how to improve your property's value. And where do apartments fall - are they residential or commercial? How are the appraisals different? We also talk about how the same characteristics that make single family homes safer for the new Real Estate investors wind up making things tougher for the more experienced investors, and why those factors push many of the pros to trade up to Commercial Properties eventually.
I'll also introduce some new terminology that you need to become familiar with when it comes to commercial properties and values. We'll also look at a realistic renovation budget for various aspects of a typical 1,500 sf single family rental in Auburn, using my own historical costs from the past few years.