No, you use the value of the property. It is okay to value it as if you’d sold it today, before any touch ups or remodeling. A quick sale price might be $100k and not the $120 you could get if you repainted, got a new roof, etc.
No, you use the value of the property. It is okay to value it as if you’d sold it today, before any touch ups or remodeling. A quick sale price might be $100k and not the $120 you could get if you repainted, got a new roof, etc.