BiggerPockets Real Estate Podcast

896: The Renovations That’ll Instantly Increase Your Home Value (Part 1) w/James Dainard and Jessie Rodriguez

Feb 19, 2024
Experienced real estate investors James Dainard and Jessie Rodriguez share top home renovation tips. They discuss the best bang-for-buck renovations, 100% ROI upgrades, avoiding seller concessions, and the impact of exterior upgrades like roofs, landscaping, and windows. Tips on reducing renovation costs and maximizing property value through proactive maintenance are also covered.
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ADVICE

Roof as Defensive Investment

  • Getting a new roof is more about defense than direct value increase.
  • A quality roof prevents buyer price reductions and facilitates a smoother sale.
ADVICE

Landscaping Boosts Home Value

  • Invest in landscaping and curb appeal to double or triple your renovation returns.
  • Features like decomposed granite and fire pits create an oasis buyers love, significantly boosting offers.
ADVICE

Be Strategic with Decks

  • Evaluate deck additions by market demand and property functionality.
  • Aim for at least a 2-to-1 ROI, ensuring the deck enhances buyer appeal without reducing usable space.
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