While this does not mean you should skimp on necessary repairs, it does give you a large amount of wiggle room as far things like plumbing, roofing, furnaces, etc, or other things that may come up during a home inspection. When preparing appraisal reports for individuals who plan to buy, repair and rent, Appraisals By Michael will provide a thorough report of your home's value as well a Rent Comparability Study (RCS) for your reference.
As with any valuation, what an appraiser writes on their report has a huge impact on your maximum rent potential. When selling a home, your listing price and proposed value determine the length of time spent on the market and essentially possibility of profit. In the case of renting, you will be provided with your current, As Is Value followed by a summary of your potential Rent Schedule. The Rent Comparability Study (RCS) provided by Appraisals By Michael is then explained and available for the client's future reference.
Essentially, you will be earning a steady income of monthly cash from your renters, which will add up over time in comparison to the one large bank account increase earned when flipping homes. Our appraisal will be able to give you a thorough visual for the future of your property, with the Rental Comparability Study (RCS) included in your report. You will have the opportunity to see if investing in flip-worthy repairs is worth it, as opposed to simply renting your property.
Thank you for visiting AppraisalsByMichael.com, the more information you have; the more informed you will be regarding your home. Feel free to order online or give us a call for faster and easier ordering.
Contact us today so that we can start on your home appraisal in Atlanta.