Looking to make upgrades to my house

[James Carter]

I'm looking to upgrade my house, like in the kitchen or bathroom. I'm not looking to spend a whole lot, but would like to increase the value. Where is the best place to start at? What kinds of things add the most value? I want the property to be more appealing to renters when we move, and I also want to increase the value of the property down the line when I decide to sell.

[James Carter]

Originally posted by @Derek Harris:

Upgrades for a rental are a lot different than for a sale (from a price perspective). For a future rental, always remember the following when upgrading - "it's just a rental." So don't overspend and don't get super fancy features that won't increase the ROI. You want to ensure it is tenant proof. Look at comparables and match them; don't outdo them unless you know without a doubt that it will bring more rent or sell for a higher price.

Derek, I think you're right. I can easily get carried away upgrading things to my liking, but I do need to take into consideration that the property will just be up for rent. I also know that renters may not always take care of things as I do. I think I'll do some reflection on my upgrades so I'm not needlessly throwing money into the property. Thank you for the response, always great to get someone else's perspective.