Confused about remodel value-add

[Ryan Perkins]

I recently purchased a single family home as my primary residence with the intention of making some relatively minor updates/improvements, pulling out the forced equity to go towards another property, and then turning the home into a rental. 

I'm very confused though as the data I'm seeing seems to indicated that, on average, home repair/remodel projects result in only a 60-70% ROI. Does that mean it's impossible for me to force equity by completing projects such as finishing living areas in the basement, adding bedrooms and bathrooms, etc? I mean, I know that those additions will add value to the property, but it seems as if it won't be enough to offset the costs to complete them...

Is my plan totally shot?

[Account Closed]

Lots of good advice in here for you. Thanks for posting this! My bit to suggest is to skip the carpet downstairs. Basements have too much moisture and if a pipe leaks that carpet is toast. I used commercial grade LVT (luxury vinyl tile) in my personal home when I finished the basement. It's great, no scratch and can be easily patched and replaced if needed. Cheers