Best Value-Add Strategies for SFR’s

[Willie Creear III]

When it comes to SFR's, what are some of your value-add strategies that not only impacts forcing appreciation but also cashflow?

In my short time investing, some of my recommendations is to target properties with the least amount of new construction builds for a DADU based off my personal goals with minimizing project costs. Another recommendation is to focus on the ones that currently already have a detached garage (Bonus if it already has water line or nearby connection access). Dining & Bonus room conversions to standard rooms. Lastly, large garage conversions where bathrooms, kitchens, and rooms can be added.

Again, this is just based from my current experience from my project completions. I know for sure I am not the value-add guru, what else am I missing or things to consider when implementing this strategy into my acquisition requirements? 

IG @MattPriestJr 

[Bradley Buxton]

Rooms, ADU, garage conversions are the most obvious but also cost intensive. Depending on the age of the unit adding a bathroom can be a simple and less expensive way to add value. Also improving the landscaping and curb appeal will command a higher rents.