What do you do to increase value?

[Ryan Guffey]

What are some of the firsr things you look for before you try to acquire a property that you can change to add value?

How much value would you expect to add by improving different ares?

[Michael Henry]

@Ryan Guffey , In general, the two big ones are the kitchen and the bathrooms. Next, come paint and carpet/flooring. I good paint selection and color scheme works wonders. I think the biggest ROI is the latter.

The value you get will depend on the quality of the material and finishes. I think most investors look to double or triple their investment when doing value add improvements.