Real Estate Rookie High-ROI “Value-Add” Renovations for Any Budget ($5K – $50K+)
May 21, 2025
Henry Washington, a savvy real estate investor specializing in value-add projects, shares his insights on maximizing property value and rent through strategic renovations. He reveals the most effective upgrades, from simple tasks like painting and tiling to complex transformations such as converting single-family homes into multifamily units. With a focus on budget-friendly options, he discusses how to identify properties with hidden potential, making them lucrative investments for today's market. Tune in for actionable tips that can lead to big returns!
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High-Impact Low-Cost Renovations
- For under $5,000 in rental renovations, add perceived value with countertops, backsplashes, tile, tub surrounds, and feature walls.
- These improvements create wow factor and help attract better tenants with higher rents.
Sunroom Converted to Bedroom
- Henry converted a dilapidated sunroom to a heated and cooled space for about $5,000.
- This created a third bedroom and increased the home's sale price by $20,000, netting $15,000 in value added.
Target Properties with Hidden Space
- Look for homes with square footage too large for the bedroom and bathroom count to find value-add opportunities.
- Focus on properties with sunrooms, basements, or single-car garages that can be converted for added bedrooms or living space.