12/15/2020
Crazy market right? Want to maximize unused space and convert it to equity? Below is a job completed by Apex a licensed contractor who was able to close in this unused garage for the home owner. With the appropriate steps taken (important) they are able to claim that 200 sqft on the square footage. So now when they go to get appraisal to refinance or sell, they will now be able to include that area in their square footage. What does that jobs added value look like? Let’s assume their neighborhood currently is going for $170 a sqft ($170x200sqft) meaning they potentially added $34,000 of value. Simply by maximizing their utilization of their space.
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