BRRRR Adding Value in Texas

1 Reply

Howdy All,

I’m a new investor and just bought my first home in February in Texas. The goal is to live in for a few years then rent it out when I move into new primary residence. My question is what kinds of updates/remodeling would be most effective in adding value to my home?

Property info:

Single family

Build 1986

1800 sq ft

3 bd 2 bath

Pool

Granite in kitchen/bathrooms

Ceramic tile/laminate living spaces

Carpet in bedrooms.

Any advice and wisdom is greatly appreciated!

Pools are such a hazard, I would seriously consider repositioning to a property without a pool. 

If that's not something you're open to, then make sure major systems in the house are all up to date. A 1986 build will have lots of things coming to their end of life by now.

What rents will you be able to get when looking at your local market & comparable properties? Compare that to your fixed & variable costs to see if you'll cash flow

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here