Two neighboring properties can appreciate at wildly different rates. The difference comes down to desirability: construction quality, appliances, fixtures, and amenities. Better tangible features drive higher value gains.
The niche level of due diligence is all about desirability. And what I mean by that is that what makes one property stand more desirable than another? It can be the quality of the build, it could be the quality of appliances, quality of fittings and fixtures, qualities of amenities, depending on what it is. So what we want to start asking the question around is what's making this little property, which is next door to this other property, why does this one go up by this much but this one does nothing?
