What in the heck is After repair Value and how do you find it PLEASE someone help me. ???
The After Repair Value (ARV) is the value of a property after the subject repairs have been made.
For example, you buy a property for $100K and do $20K of specifically targeted repairs designed to increase the value of the property (new bathrooms, updated kitchen, etc.). When you get done, the ARV could well be $150K or more.
ARVs are normally done by appraisers knowledgeable in the area and knowledgeable in what effect the variour repairs will have on the subject property.
Keith
A realtor could also give you an ARV. You should begin establishing a realtionship with one.