I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

Replaced the carpet with hardwood floors & new trim, painted all the walls, and completely renovated the bathroom What was the outcome?

The house has some great pros:• Newer 2000's home with renovations in the last 4 years• Renovations include: paint, lvp, toilets, vanity, ceiling lights/fans, roof and HVAC• Tenants look like they are up keeping the house decently.

Renovated bathrooms, kitchens, added washer dryer to each unit and new lighting throughout.

He suggested repairing the fireplace bricks, redoing the bathroom floor, vanity, all doors.

If it just needs some paint, updated, bathroom, new appliacnes, ect. 

What is the market value of a bed room and a bathroom  for the purpose of Comparative market analysis. 

Their approach resembles the BRRRR method.For example, we have a 3-bedroom, 2-bathroom home in fair condition (requiring less than $20K in cosmetic repairs) that has been on the market since August 2024.

Example: Bathroom remodel (tub, sink, toilet and floor "laminated" $750). 

Bathroom/kitchen update?