What does "Strategic Renovations" mean to you?

[Levi Lanzrath]

Hey all! 

I wanted to ask the community: What are examples of your strategic renovations to demand higher rents, higher appraisals, or even a higher sale price? 

For example: with rentals, will you refinish hardwood or just use carpet? How much energy/money do you put into the exterior of the home? 

Personally, my chosen strategy is the BRRRR method, so I'll rip up carpet, refinish hardwood if it's there, take down wallpaper, repaint the walls, refinish cabinets, countertops (never granite), put in a washer/dryer, etc. I just would like an updated, clean feel to it without spending an entire arm and leg on it. I haven't got to my first refi quite yet, so I am very interested how cost effective and appraisal demanding my renovations will turn out to be.

I'd love to hear your strategies for making the most of your deals! :)