How to Add Value, 12 Unit Complex. Any Ideas?

[Kai Van Leuven]

I own an apartment complex that has been a huge value add project so far. I have finished off the front five 3-bedroom apartments (started with studs) and completed a cosmetic remodel of the back 5 Apartments. I have a huge lot 1.5 acres and will have completed an on site laundry facility and am drawing up a 12 unit storage facility. In 2019 I will be using RUBS to externalize Water/Sewer/Garbage back to the tenants. Any thoughts on how to add more value? I have an area that is about 20x20 and another that is 40x80, and another that is 40x120. Per the county I am tapped on adding housing units, my current 12 are grandfathered in. 

[Luke Sass]

@Kai Van Leuven It’s sounds like you’ve gotten all the low hanging fruit, another couple things that come to mind Is reducing boring expenses that people typically dont shop or spend alot of time addressing; -taxes ( I don’t know how tuned in the city is to your remodel but you want to spend a little effort ensuring you don’t get hit with a property tax increase ) - I’m not sure the type of tenants your looking to attract but a playground might go a long ways to adding value -Insurance ( anything you cad do to reduce your insurance?, security cameras, moisture sensors etc might pay off) a quick call to your insurance agent to ask for a list of things that will reduce your premium is usually worthwhile.