How to Add Value to a House

As if there isn’t enough to do, real estate investor, contractor, business owner, host to my video blog and busy husband, father and grandfather, I’m adding new books to my list of activities.

Finding the time to write has been challenging with a wife in graduate school, five children and two grandchildren to keep up with. I figure my next full book will take me a good year to write.

For those of you already connected to REIAComps , the control and feeling of confidence you have over your deals is priceless. Using REIAComps to investigate the value of houses as they come to market, against other less reliable sources is a no brainer.

But back to the book, the title I am thinking of is something like “How to Add Value to a House, which will represent responses to repeated questions I’ve had over the years and is more of a “what to and why to” rather than a “how to”.

It will talk about the specific renovations you should target; it talks about why some areas of a house are valued more than other areas. It will actually be about how to maximize the potential of any house you are renovating.

Aimed at everyone from homeowners who want to renovate to those who want to sell and anyone thinking about buying a house and fixing it up, the book will be full of practical advice, some do-it-yourself instruction and tips I haven’t touted elsewhere.

It’s a natural extension of my core business InvestorCompsOnline, which is now in its ninth year and takes users through the process of identifying a solid acquisition value for income property and maximizing its potential after repair value through smart valuation to create real estate which makes money for its owners. You can practically do the same using REIAComps and access to its Online Valuation Support Desk. The Ticket System, Knowledgebase, On-Demand Training and helpful Paperwork are tools and resources you won’t find with any free comp tool. 

It’s a process which has been perfected over more than a decade and a half creating my own real estate portfolio. Through the years I’ve kept pretty careful records of everything I’ve done; making notes and tucking away tips I’ve discovered and tested. I actually have so many ideas left over there will be another book in the works if this one does well.

Why write a book now?

I think you gotta make good while the water is flowing. Literally of seizing the opportunity to get my voice out while people are listening, help as many people as I can while my talent and ability are helpful to others.

Take these musings in real estate valuation and turn some extra profit. Of course, use REIAComps to determine the best acquisition and ARV for every deal you look at. Don’t for one moment let someone tell you the value of a deal. Let REIAComps show you for yourself.