Great video! Very informative. One small correction, though. For ARV slide (9:21) it should be $624,000 x 105% or $624,000 x 1.05. The same applies for the second calculation.
Great vid! How can you add the total Reno cost as value + 5%. If your Reno costs are 120k it doesn’t generally mean the value of the home has increased by that amount. Actually in many cases it’s only 70% of Reno costs is realized as additional value. On this example you realize 151k of increased value on an investment of 120k so 125% ROI on the Reno cost .. can you explain please doesn’t seem conservative
***Correction @ **8:53** & **9:15** should say ADD 5%, not MULTIPY 5%)***
Thanks for sharing
You bet!
Great video! Very informative. One small correction, though. For ARV slide (9:21) it should be $624,000 x 105% or $624,000 x 1.05. The same applies for the second calculation.
Thanks! We realized too late - will make a note on the description
Really enjoyed this video, very realistic and logical. Thanks Andy!
Thanks Mario!
Great vid! How can you add the total Reno cost as value + 5%. If your Reno costs are 120k it doesn’t generally mean the value of the home has increased by that amount. Actually in many cases it’s only 70% of Reno costs is realized as additional value. On this example you realize 151k of increased value on an investment of 120k so 125% ROI on the Reno cost .. can you explain please doesn’t seem conservative