10+ High-ROI Rental Renovations to Increase Home Value AND Rents

"what we were able to do was to move the laundry into the sun room we finished the sun room... we added a mini split air conditioning unit into that sun room so by doing that we were able to spend probably about five grand and so we added square footage... and by moving the laundry into that room we were able to create a third bedroom and so that $5,000 allowed us to sell this house for $220,000 instead of $200,000 so I spent five and I sold it for an extra 20 so that's $15,000 worth of additional value for spending $5,000"

"people don't really use formal dining rooms I like to convert those to bedrooms I just did that in a property the other day there was like a front little thing I just put a door up it costs like $600 I'm getting probably 2250 more a month in rent because that boom"

"we spend about 5 grand convert the garage uh into a bedroom and now we get an extra $300 to $500 a month rent out of each one of those units"

"so many people have dogs and kids and they want their yard fenced in this is a lowcost thing that people will pay money for and they're not going to do it themselves so fencing in a yard is another really good one for driving up rents"

"things that I have not gotten an Roi on are supplying my own appliances like washers and dryers I found that cost me more money than it made me... I've saved so much money by now no longer supplying the washer and dryers"

"I have at least 10 times now have converted laundry rooms to bathrooms with the laundry in it... that additional bathroom adds so much value and it increases the amount of people who want to live in that home because there is more than one bathroom and they could care less that their their laundry is in there what they care about is they've got an extra toilet and an extra shower"

"if you stay within the footprint that's existing... it can be a very almost inexpensive upgrade that adds value because if you stay in the existing footprint a lot of the times you do not have to replace the cabinets... if we just paint or stain the cabinets put new hardware on them new Modern Hardware on them... you can completely overhaul a kitchen and blow your competition out of the water and really does add value because people want nice kitchens and nice bathrooms"

"multifamily homes right now in my market they sell for so much more than single family homes if I were to go buy a a single family home for let's call it 2,000 ft I'm probably going to pay between 250 and 350 for that property if that same property is a duplex it's probably valued at 350 to 450... you can make yourself a duplex and that's by by adding the value"

"you can look for where the city wants to build more commercial where there's current residential and there's potential for you to buy a single family home change the zoning... and then sell that house as a commercial property... I had that house under contract for about $175,000 they bought that house I think for ended up being like $225,000 they spent maybe a hundred grand or so on the renovation and sold the property as a commercial property for a million bucks"