Best bang for your buck renovations

[Logan Beckner]

Scenario: You bought a house for 5% down as an owner occupied loan. You want to gain as much equity and/or rentability as possible doing DIY projects around the house. The plan is to turn this into an airbnb. 

Are you putting in fancy tile to make it more attractive in the bathrooms? Are you getting granite countertops for durability? More than likely the renovations will not get us above 20% equity in the home so refinancing will not be an option. What are your go to big money projects?

The home is from 1920. No CAC. Boiler and radiators. Unfinished hardwoods. No updates in kitchen or bathrooms. Plain backyard. Great Character to work with. What are you changing and upgrading?