What is the GDV?

GDV stands for Gross Development Value, which in layman's terms is the value of your project once you have completed all the work. For example, if you are buying a house and you are going to split the house into 2 flats, the price of the 2 flats added together is your GDV. In another example, if you are buying an undervalued house with the intention of refurbishing it, the value of the refurbished house would be your GDV. It is important when calculating your GDV to use accurate comparables. The same unit type, which is the same size, sold within a year and within 1/4 of a mile is a great comparable.