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Mid Century Modern Marvels & Appraisal Challenges in Denver, w/ Adrian Kinney
Manage episode 381820330 series 3465965
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In this episode, Derek Marlin and his guest Adrian Kinney discuss real estate appraisal, appraisal gaps, the value of Mid Century Modern homes in Denver, and the challenges of flipping properties in the Denver market.
Adrian Kinney is an experienced real estate broker helping Mid-Century Modernaires buy, sell, design and preserve homes in Colorado.
Derek and Adrian get into:
* Adrian's experience in the Denver Metro market, particularly in the Mid Century Modern niche.
* The importance of appraisals in real estate, including how agents can provide opinions on property value and the role of ARV in determining a property's worth.
* The challenges of appraising unique properties, such as Mid Central Moderns, where price per square foot is higher than classic ranches due to maze-like layouts.
* Appraisers struggle to understand why houses with twice the square footage are going for the same price as those with half the square footage, despite having more valuable features and high-end finishes.
* Appraisal gaps.
* Buyers are still putting down 20-30% in cash for homes, despite rising prices.
* Defining Mid Century Modern homes in the Denver Metro area are those built between 1950 and 1969, characterized by low slung rooflines, sleek lines, and connection with the land through glass walls and floor-to-ceiling walls.
* Favorite architects and designers in the Mid Century Modern style.
* The value of unique and historic homes, and the importance of working with an appraiser who understands the value of these factors and can provide accurate comps for the home's worth.
* The importance of sticking to the style of a house when renovating.
Check out Adrian Kinney’s website for midmod Colorado: https://www.comidmodhomes.com/
Connect with Derek Marlin and ELEVATION Investment Properties!
Derek on LinkedIn: https://www.linkedin.com/in/derek-marlin-64b79814/
ELEVATION’s website: https://elevationinvest.com/
ELEVATION on LinkedIn: https://www.linkedin.com/company/elevationinvestmentproperties
ELEVATION on Instagram: https://www.instagram.com/elevationinvest/
ELEVATION on Facebook: https://www.facebook.com/elevationinvestmentproperties
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