Cash flow, mortgage paydown, and appreciation are all keys to making the most out of your investment properties. But, multi room renovations can unlock even greater returns.
Matt Piche shares his top five home renovations tips to help a property’s value grow immediately. These strategic multi room renovations can attract and retain higher-quality tenants.
Kitchens and bathrooms are the hub of the home. Since most time is spent here, Piche advises to spend a large portion of the budget here. Use light-colored stone counters and cabinets that are neutral. This provides a broad appeal that new renters can design around. Double sinks in the bathroom are a must.
Install the same flooring to create a seamless look throughout. This will also make the place appear larger. Although personalizing isn’t always a good idea, Piche advocates making a feature wall. This is a modern touch that will make any room pop. It helps set your property apart from the rest as well.
Finally, don’t forget the curb appeal. Since this will be your property’s first impression with prospective tenants, give a little attention to the outside. A simple clean-up may be enough to do the trick.
