After Repair Value (ARV)
Investor Term:
ARV
Definition:
After repair value (ARV) is the estimated value of a property after it has been repaired or renovated. It is typically used in real estate investing to determine the potential profit from a property.
Example:
Here are some of the ways to estimate the ARV of a property:
Compare the prices of similar properties: One way to estimate the ARV of a property is to compare the prices of similar properties that have recently sold. This will give you an idea of the current market value of the property and the potential for appreciation.
Hire a professional appraiser: Another way to estimate the ARV of a property is to hire a professional appraiser. An appraiser will be able to assess the condition of the property and the cost of repairs.
Use an online calculator: There are also a number of online calculators that can be used to estimate the ARV of a property. These calculators typically ask for information about the property, such as the location, the size, and the condition.