If you want to build a legacy, you can’t just follow the crowd. You have to see the Blueprint and the Market at the same time. 🏗️📐
In this episode of Daddy Income, we’re merging the two most important tools in your arsenal: the Direct Comparison Approach and the Cost Approach. We’re moving from the "Comparison Shopping" of the street to the raw "Reality Check" of the build.
The Lab Session covers:
- The Street Price (Lesson 6): Why we use "Substitution" as our foundation—nobody pays more for a property than the cost of a similar substitute. We break down how to "Bracket" the subject by looking at the superior and inferior sales to find the truth.
- The Builder’s Math (Lesson 8): When the market is wild, you check the bones. We’re calculating the Replacement Cost—building a modern equivalent with the same utility—and adding the Entrepreneurial Profit you deserve for taking the risk.
- The Vibe Killers (Depreciation): Identifying why value drops, from physical "Fade" to functional "Bad Design" and external "Street Shifts".
- The Reconciliation: How to take the numbers from the street and the numbers from the architect to find the one true Value.
The Combined Survival Guide: "The Architect’s Cheat Sheet"
The $9 Digital Asset includes:
- The Adjustment Grid: How to "make it even" between different properties.
- The Cost Approach Formula: Site Value + Cost of Improvements - Depreciation = Market Value.
- Hard vs. Soft Costs: Knowing the difference between the literal lumber (Hard) and the permits/marketing (Soft).