Rehab Project Values

[Todd Sullivan]

Hello all!

This is my first post on Bigger Pockets, and am very glad to be here! I am new to investing and have a ton of questions and am constantly looking for more information so I can fully wrap my head around the world of real estate investing. My target is to utilize the BRRRR strategy and find distressed properties to build equity since I work full time in a different field as recommended in the Greene book.

While looking for houses in my local market, I've seen a few houses that need work and I'm looking for guidelines or a playbook of sorts on what rehab projects are best to add equity to a house.  Obviously, updating a kitchen or bathrooms are big and doing projects like a needed roof to protect your investment are key, but what about room layout?  Say, for example, you have a small 3 bed/1 bath house and the rooms are very small.  Would it be best to make it a larger 2 bedroom 1 bath or 1 and 1/2 bath depending on layout?  What layouts show the best value for equity, etc.?

Thanks everyone!!