Best Value Add Projects - $8k budget
Bought my first property (800 sqft detached dwelling 1br 1ba) and would like to slightly over improve to make more recession proof and create a better tenant situation. What are your best ideas for improving the look/ value of an investment, making it rental proof (or low risk as possible) and what small, minute, details do you find bring you the most bang for your buck?
Budget about $8k overall - my initial reaction is to replace rugs in bed room and living space (may change to vinyl or laminate flooring in living space), update vinyl floor in kitchen to tile / bathroom to new tile, paint kitchen cabinets to a light bright color (and walls), do 4 recess lights in bed room (no lights currently) and do floating shelves in the living space to create more storage opportunities.
Appreciative for all thoughts and ideas about how to make my home more attractive / protected for better tenants.