High-ROI “Value-Add” Renovations for Any Budget ($5K - $50K+)

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Feb 26, 2025

Henry Washington, a seasoned real estate investor with expertise in value-add projects, shares his insights on renovations that maximize ROI. He explores affordable ($5K or under) to high-end ($50K+) upgrades to enhance property value and rental income. Topics include clever strategies for transforming underused spaces, the debate around kitchen renovations, and the importance of converting laundry rooms into bathrooms. Washington emphasizes the current market's potential, urging investors to seize overlooked properties for profitable renovations.

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ADVICE

Low-Cost Rental Upgrades

For rentals under $5,000, focus on perceived value upgrades like countertops and backsplashes.
These don't add direct value but increase tenant appeal and justify higher rents.

ANECDOTE

Sunroom Conversion

Henry converted a large laundry room into a third bedroom and a sunroom into a laundry room.
This $5,000 investment increased the property's sale price by $20,000.

ADVICE

Converting Unused Spaces

Look for properties with underutilized spaces like large laundry rooms or unused garages.
Convert these spaces into bedrooms for increased rental income.

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