From personal experience, outdoor entertainment areas, modern kitchens, and even beach gear can make a huge difference.

The modern features and amenities can attract renters, and energy-efficient designs might help keep utility bills down.

Upgrading fixtures, adding modern tile, and improving lighting can make a big impact.

Typically I've seen about $500-$800 annually in repairs per house per year so that can be viewed as a benchmark.

Know the house and the finishes, if its out date stage it to look modern or make some renderings of the updates.

Flooring: A lighter or mid gray lvp to compliment (~$3 sq ft material) Cabinets: White shaker style (Lowes/Home Depot, Readily Available with little lead time) Countertops: White Quartz with black veining to match black matte finishes if the return on investment is there or just a nicer laminate (calacatta marble natural stone look)Finishes: Black matte for a modern look or the classic brushed nickel.

The median home price has more than doubled in that timeframe, but Milwaukee is a fairly linear market, so the neighborhoods have mostly remained the same, but median home price is a dynamic indicator and will always stay current, so you can benchmark neighborhoods against the median for the metro area.Note: in the MF space investors refer to a star rating system. 1 star to 5 stars.

Just like with multifamily buildings, the more modern and move-in-ready a property is, the less potential there is for adding value, which can limit your return on investment.I suggest looking for off-market properties.

For example, I was looking in Cape Coral and there were nice modern homes with swimming pools doing barely $30k, whereas a pool in many other markets is a major advantage.

City leaders are optimistic that these developments will help transform Long Beach into a modern tourism and business hub.