The ARV or After Repair Value calculator will help you estimate the market value of a target foreclosed property, using the replacement cost approach. This is a quick way to see if a property is cheaper compared to buying/constructing an equivalent sized property within the same location. Check it out below.
ARV calculator using the Replacement Cost Approach
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What is After Repair Value
In summary, the After Repair Value is the market value of a property after it has been repaired and is already in Ready For Occupancy(RFO) condition. It is like doing a quick real estate appraisal.
After Repair Value in short is ARV, but take note however that ARV can also mean Approximate Retail Value, After Rehab Value, but the common term often used is After Repair Value.
For a detailed explanation of ARV, check out the following article:
Recommended reading
For more information on how to estimate market values of foreclosed properties, and a case study, see articles linked below:
- How I estimate the market values of foreclosed properties
- How to find foreclosed properties with good property values (After Repair Value case study)
Disclaimer
The results you will get above are only for quick analysis. This aims to help you avoid wasting time with those properties that are overpriced where it would be cheaper or it costs about the same to construct/buy a new equivalent property.
As always, our standard site disclaimer applies.
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