After-Renovation Value: Is It the Same as ARV?
Short answer: yes — after-renovation value is the same number as After-Repair Value (ARV): what a property should sell for once the work is done. The name changes with who is talking; the math never does.
Try the After-Repair Value (ARV) calculatorIs after-renovation value different from ARV?
No. After-renovation value, After-Repair Value (ARV), and post-repair value all name one number: the price a property should fetch once renovations are complete. There is no separate renovation formula, no different data source, and no adjustment between the terms — they are interchangeable labels for the same estimate.
The confusion is reasonable. An investor hears ARV at a meetup, reads after-renovation value in loan paperwork, and sees an as-repaired value in an appraisal — and wonders whether three documents mean three numbers. They do not. If two of those numbers disagree, the difference is in the comparable sales behind each one, not in the definition.
The calculation (identical under any name)
Whatever the label, the method is comparable sales: take recently sold, renovated homes near the property, average their price per square foot, and multiply by the subject’s post-renovation square footage. Illustrative example: renovated sales averaging $200 per square foot × a 1,500-square-foot home = a $300,000 after-renovation value. The result is the same whether the document calls it ARV, post-repair value, or anything else.
That is the whole recap on purpose — the full method and the 70% Rule each have their own guide below, and the free calculator runs the math for you.
Where you’ll see each term
Appraisals. When a renovation loan requires an appraisal made subject to completion of the work, the report states what the home will be worth once the specified work is done — an as-repaired value. It is the appraiser’s version of the same number you estimate from comps.
Renovation lending. Lenders that finance rehabs size the loan against the after-repair number rather than the as-is price, which is why the term shows up in term sheets and loan documents. Knowing the number first tells you whether a deal has room in it.
Investor shorthand. At meetups, in forums, and in most tools, everything collapses to ARV. When a flipper quotes an ARV, it is the same after-renovation value an appraiser or lender would describe — estimated from the same kind of comparable sales.
Frequently asked questions
Is after-renovation value the same as after-repair value?+
Yes. After-renovation value and After-Repair Value (ARV) are two names for the same number — what a property should sell for once the work is complete. Post-repair value is a third name for it. The calculation is identical under all of them: recently sold, renovated comparable homes, averaged by price per square foot.
Do lenders use ARV or after-renovation value?+
Both, interchangeably — along with as-repaired value in appraisal paperwork. The label on the document does not change the number. What matters is the quality of the comparable sales behind it: recent, nearby, and genuinely renovated.
Is there an after-renovation value calculator?+
Yes — any After-Repair Value (ARV) calculator is one, because the two terms describe the same number. Fundry’s free calculator takes your comparable sales and square footage and applies the 70% Rule, with no sign-up. With a free account, Fundry pulls the comparable sales for any Georgia address and you curate which homes count.