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Updated about 5 years ago, 10/31/2019
preparing house for rental
I am new to real estate but have known since i bought my house 5 years ago that someday I would want to turn it into a rental. As the years have passed my passion to invest in real estate has really grown and I am excited to get started. As I work towards getting a second property I want to start preparing my current house to be a rental. I know its important to check out nearby houses but I was just curious on a general basis what you guys think the most important upgrades are for a house. My house is in an average neighborhood, its 2 bedroom, 1 bath, an added on laundry room, a shed and the house is about 840 square feet. Kitchen is tiny and could be expanded by knocking down the wall between the kitchen and living room. Cabinets are grimy and would probably need to be replaced, not just painted. Bathroom isnt bad just a little outdated. Laminet flooring has some scuffs but not too bad. There is no dishwasher, it doesnt bother me but Im not sure if that would be something worth adding. I have also thought a garage could really increase the value. Thats kind of the breakdown of what could be done, just wanted to pick your brains. Thanks!