How can I increase the asking price of a rental property?

[Clara Brashear]

I want to buy a property to rent out. I am curious in what ways can I fix/upgrade a home to increase the asking rent price? What about upgrades that will increase the homes resale value? (Adding a room, different upgrades, etc.)

[Theresa Harris]

It depends on the condition of the property.  When you are buying a rental that needs updating, you want to make sure you don't over improve it.  Make sure what you are doing will get you your money back.  Look at higher end rentals in your area and see what they look like.  Keep in mind it is more than the finishes that determine the price.