Forcing Equity/Increased Value by affecting NOI (bottom line)

[Tyler Veres]

Good day all,

I am looking at putting together a list of ways that people have gone about forcing equity/value in their properties.  To start the ball rolling, I like adding a unit/income stream where there wasn't one before (changing use, adding a unit to the attic/basement).  Also, buying a property that the previous owner was paying too much for taxes or insurance.  Reducing the taxes (through changing the zoning from say commercial to residential for example) or insurance costs can significantly change the value.  Ie. - 1,000 per year saving on taxes/ins with 10% cap adds $10,000 in value.  

Please share any other ways that you have done to force an increase in value in your properties and we can bounce ideas off each other.