What Upgrades Have You Done To Your Property To Increase Value?

[Gino Barbaro]

Hi Everyone,

I just wanted to start an important discussion on how to increase the value of a multifamily property. It's all about raising the NOI, and I would like to get some ideas on how to create value.

Any idea would be truly appreciated.

Gino

[Thomas S.]

Number one on my list is having separate utilities, hydro, water, heat. Utilities should never be included in the rent and I would never buy a multi that was not separately metered.

Second would be increasing the units. In the case of duplexes, for example, if you can add a legal basement suite that would be my first option and a primary consideration when evaluating a purchase.