10+ High-ROI Rental Renovations to Increase Home Value AND Rents
BiggerPockets
@biggerpocketsAbout
You're one step closer to financial freedom and passive income. At BiggerPockets, we teach the everyday person how to build wealth through real estate investing. No get-rich-quick schemes or guru advice. We make videos for YOU to take back your time with real estate investing. Tune in on Mondays, Wednesdays, and Thursdays for new BiggerPockets Real Estate Podcast episodes with your host, Dave Meyer! Don't know where to start? Click the link below:
Latest Posts
Video Description
Episode #1088 Invest in High-ROI Turnkey Rentals with Rent to Retirement: https://www.renttoretirement.com/ or Txt REI to 33777 Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Henry’s New Book, “Real Estate Deal Maker”: https://store.biggerpockets.com/products/real-estate-deal-maker?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch The One Renovation Guaranteed to Increase ROI—No, It’s Not the Kitchen or Bathroom: https://www.biggerpockets.com/blog/renovations-guranteed-to-result-in-positive-roi?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Henry: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none 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. 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
Renovation Essentials: Boost ROI Now
AI-recommended products based on this video

PRETTYCARELIFE Cordless Vacuum Cleaner, 40KPA Powerful Cordless Vacuums with LED Indicator, Self-Standing Lightweight Brushless Vacuum Cleaners for Hardwood Floor Carpet Pet Hair, P4

Ulefone Armor 27T Rugged Phone with Thermal Imaging Camera, 10600mAh 12GB+256GB MTK Helio G99 Android 14, 50MP+64MP Night Vision, 6.78" FHD+ 120Hz, IP68/69K Waterproof Dual SIM Smartphone NFC

VASAGLE 71" Kitchen Pantry Cabinet with Lights and Charging Station, Coffee Bar Cabinet with Doors and Drawer, Farmhouse Style, Adjustable Shelves, Rustic White UBBK363W12

VASAGLE Coffee Bar Cabinet, Kitchen Storage Cabinet with a Drawer, Farmhouse Cabinet Sideboard with Adjustable Shelf for Kitchen, Rustic White and Honey Brown UBBK341W01

VASAGLE Storage Cabinet, Kitchen Cabinet, Sideboard, Storage Organizer with Drawer, Shelves, Door, Steel Frame, Rustic Brown and Black ULSC103B01

VASAGLE Bathroom Floor Cabinet, Free-Standing Storage Cabinet with 3 Drawers, 11.8 x 12.6 x 31.9 Inches, for Bathroom, Living Room, Kitchen, Modern Style, White UBBC50WT




















