Best ways to boost appraisal?

[John Cassel]

I just bought a 3 unit property in September that needs some minor upgrades.  I purchased the property with a 20 year commercial loans because the down payment funds were not seasoned in an account.  I plan to refinance the property at the 6 month mark into a 30 year fixed mortgage and I was wondering what types of improvements boost the appraisal the most.  I bought the property for 75k and it appraised at 102k at the time of purchase but I would love to be able to get the appraisal up to 115k-120k if possible.

At the moment, the plan is to repaint the property (lots of peeling paint on the outside) and redo two of the bathrooms that drastically needed upgrades.  We also plan to up the rents once the upgrades are done since the tenants are all currently on M to M leases. 

Any advice on best ways to get the highest appraisal would be greatly appreciated!

Thanks,
John

[Sean Carroll]

@John Cassel I would also do some minor landscaping, usually cheap to do and can make a property look amazing. First impressions are super important I feel and that starts with the outside