The best ways to add value to a home (BRRRR strategy)

[Charles Mitchell]

Hi BP!

So I'm in the process of looking for my first deal. Being that it's my first deal and things are bound to go south I'm looking to add as much value the property that I buy to create a bit of a cushion for my budget. What are the best value-adds that can be added on to a home? When I say "best" I'm referring to functionality and something that is much cheaper than the valued added to the ARV

Some value-add ideas I have now:

Add a bedroom

Add bathroom

Paved driveway (if gravel)

Laundry

Thanks for any and all input!

[Michael Ealy]

Originally posted by @Charles Mitchell:

Hi BP!

So I'm in the process of looking for my first deal. Being that it's my first deal and things are bound to go south I'm looking to add as much value the property that I buy to create a bit of a cushion for my budget. What are the best value-adds that can be added on to a home? When I say "best" I'm referring to functionality and something that is much cheaper than the valued added to the ARV

Some value-add ideas I have now:

Add a bedroom

Add bathroom

Paved driveway (if gravel)

Laundry

Thanks for any and all input!

Charles,

After buying over 1,000 units, here are some of the biggest "value-add" property changes:

1. New Paint

2. New Windows

3. New kitchen appliances (stainless - smart appliances)

4. Opening up the layout

5.  Moving from carpet to Hardwood floors