Value Add Salt Lake City Utah

[Karson Wilson]

Closing on a single family residence in Salt Lake City next week and this will be my first property. We plan to live in the house for 2 or 3 years and then renting it out. To make sure that I hit the 20% mark (to avoid any further mortgage insurance) what are good ways to add value to the property?

I’m thinking of refinancing at that time to lower the mortgage payment to make sure that it is a cash flowing property. We are going to redo the back yard it’s currently dirt and weeds, we are thinking of redoing the cabinets and doing granite counter tops.

What are some other ways to add value rather than hoping the market continues to go up?

Thank you for your help!!