How much to put into rehab?

[Leland S.]

Hi, I'm on my first flip and have all these great and expensive ideas. I'm not sure which ideas are worth the money though. For example, I could just refresh the kitchen with all new hardware or I can open up a wall to the dining area, move the sink/stove, move the HVAC and have a nice large open kitchen space for probably another 10k. 

I have the same question for a bathroom. I have 3/1.5 right now but want to expand the downstairs bath to a full bath that attaches to the bonus room down there making the house a 3/2. That would probably be an extra 7k. 

I do have a very recent comp that was actually a flip next door to go by, so I want to get as close to their unit as I can so I can list at the same price, that unit was a 3/2.5 with 140 more sqft and single floor plan, so more open and spacious.