Which rental renovations give you the biggest bang for your buck, turning a few thousand dollars of materials and labor into hundreds of more dollars of rent per month and tens of thousands more in home value? Today, we’re going through each tier of rental renovations: easy and cheap ($5,000 or under), moderately challenging and expensive ($25,000 - $50,000), and hard/pro-level ($50,000+). This will give you a roadmap of high-ROI rental renovations you can make right now to increase your property’s value and rent.

Why are these rental renovations (AKA value-add) so important right now? Because with so many investors and homebuyers sitting out of the market, you can take your pick of homes with overlooked potential and turn them into high-value investment properties. This not only makes tenants happier due to new renovations and upgrades but also gets you higher rents and wealth-building equity to boot.

We’ll start with some easy ones—painting, tiling, adding backsplashes, etc.—and work our way up to the pro-level renovations like adding square footage and turning a single-family home into a multifamily. Based on your experience, you can go either route, but both have enormous potential to turn your initial investment into a killer real estate deal.

In This Episode We Cover:

How to increase your property’s value (and rents) with high-ROI rental renovations

The easiest (and cheapest) upgrades to make that take little time

What to look for when buying a home for “value-add” and signs of money-making potential

The one appliance you should NEVER include in your rental property

The easy bathroom conversion that will massively boost your home’s equity

Pro-level rental renovations that could make you six-figures

And So Much More!

Links from the Show

Join BiggerPockets for FREE

Let Us Know What You Thought of the Show!

Ask Your Question on the BiggerPockets Forums

BiggerPockets YouTube

Apply to Be a Podcast Guest

Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777

Grab Henry’s New Book, “Real Estate Deal Maker”

Find an Investor-Friendly Agent in Your Area

The One Renovation Guaranteed to Increase ROI—No, It’s Not the Kitchen or Bathroom

Connect with Henry

Connect with Dave

(00:00) Intro

(03:53) $5,000 (or Less) Renovations

(12:06) Best Homes for Value-Add

(17:20) Worthless Renovations

(18:28) $25K - $50K Renovations

(20:21) Kitchen Renovation Worth It?

(24:33) BIG Renovations ($50K+)

(29:37) High Risk, High Reward Renovations

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1088

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices