How Much Is the White House Worth?
It is hard to determine the actual value of the country’s most important residence. However, as real estate investors, we cannot help but analyze any property we vie for, including the white house, to determine what it is worth on the market. Furthermore, we often look at any property to assess its value from a business perspective.
How do you establish property value? What approach or criteria do you use? Let us look at an analysis of what the White House is worth.
The Latest Estimates
According to Zillow.com, the White House is worth $397,000,000. While that sounds impressive, how does it compare to the most expensive homes for sale in the U.S.? Fairly good, actually. Here is a rundown of the ten most expensive properties on the market over the past few years.
|The Chartwell Estate||Los Angeles, CA||$350M|
|Bel Air Spec House||Los Angeles, CA||$250M|
|The Manor in Holmby Hills||Los Angeles, CA||$200M|
|Owlwood in Holmby Hills||Los Angeles, CA||$180M|
|Great Island||Darien CT||$175M|
|Manalapan Megamansion||Lantana, FL||$165M|
|1080 Meadow Lane||Southampton, NY||$150M|
|West Creek Ranch||Colorado/Utah||$140M|
|La Dune||Southampton, NY||$145M|
|Briar Patch||East Hampton, NY||$140M|
As you can see, the White House has significant value in the market. However, the way homeowners and realtors look at value and how real estate investors look at value is different.
Why is the White House Valuable?
As a real estate investor, you look at real estate from a business perspective. In other words, can you flip the house or use it as a source of residual cash flow? You may assess real estate value based on the physical attributes of the property. When it comes to the White House, there are plenty of marketable features.
|18 acres||132 rooms||32 baths||Tennis court|
|Basketball court||Library||Rose Garden||Nuclear bomb shelter|
|Helipad||Bowling alley||Luxury services||Office space|
As an investor, you may see the opportunity to turn the White House into a resort or hotel, bringing in thousands (if not millions) of dollars in revenue each month. You simply conduct a comprehensive analysis of the property’s market value and decide how much you are willing to pay for the property based on how much cash flow it generates each month.
The Lesson: Ignore Retail Real Estate Market Values
What is the lesson here? Do not rely on Zillow estimates when assessing the value of a property. Zillow accounts for variables such as
- Home characteristics including square footage, location, or the number of bathrooms
- Unique features like hardwood floors, granite countertops, or a landscaped backyard
- On-market data such as listing price, description, comparable homes in the area, and days on the market
- Off-market data — tax assessments, prior sales, and other publicly available records
These types of values are good for homebuyers. However, they are not relevant to home investors. So do not rely on Zillow market analysis. Instead, assess the property based on the investment versus revenue potential.
You Can Be Successful in Real Estate Investing
Through our real estate training system, you can make your first $100,000 part-time in real estate regardless of your current circumstances. You simply need the ability to follow our proven system and use the resources and tools available. How can you get started?
- Subscribe to our YouTube channel.
- Follow us on all social media platforms.
- Take advantage of our free content.
- Visit us at https://www.nhanlamacademy.com/.
- Stay current with our blogs, podcasts, and articles.
Subscribe to our YouTube channel and follow us on all our social media platforms. We will be posting free content online regularly. You can learn valuable ideas on how to execute your business plan to achieve tangible results in real estate investing.
We’ll be posting free blog videos, free articles, and free podcasts that will get you on the right track to success in a consistent, sustainable real estate business.