Do Fire Escapes add equity/value?

[David A Muise]

Hey guys!

So my wife and I currently have a multi family we are about to close on next week. We have tons of ideas about how we can add (sweat) equity to the property. One of the units has a “chain” ladder attached to the inside floor of the second floor bedroom. We think it looks cheesy even though it’s serving a purpose. Would taking that one and adding an actual fire escape to the outside of the building add any sort of value/equity to the property? My father owns a welding company and can build us one which will save us some money. Curious to see if anyone has had similar experiences?

Thanks!

Jay & Kasey