BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago on . Most recent reply
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Force appreciation using BRRRR
How can I increase the value of a house that I purchased? The house was a cash purchase. At the time of purchase, it was a 2bedroom and 1 bathroom. However, I installed new vinyl flooring throughout, updated electrical panel, new light fixtures, upgraded appliances, upgraded the restroom. In addition, built another bedroom which includes a half bath. Also, the house has a new roof. What else can I do to increase the value while staying within the market area?
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It really depends on how much of a discount you received on the purchase. If you paid fair market value then you can only do so many repairs before capping your appreciation. It sounds like you have done a great job trying to grab as much as possible already.