ARV stands for "after-repair value" and is a measure used in real estate to estimate the future value of a property after renovations. It is the estimated value of a property after completed renovations, not in its current condition. ARV is calculated by looking at comparable properties, estimating renovation costs, and using the ARV formula. The formula is quite simple: (Purchase Price) + (Value From Renovations) = After Repair Value. ARV is a critical factor for real estate investors and house flippers to determine the worth of a fixer-upper property, including how much it can be bought and then resold for after repairs. It can also be helpful to regular homeowners looking to make changes to their house that will increase its value. ARV can be a helpful tool for house flippers and homeowners looking to increase the value of their property and ensure a healthy return on investment when it’s time to sell.