It’s a small single family three bedroom one bathroom unit, I bought it for cheap and plan on renting on the higher scale by making minor improvements such as flooring, fresh paints and of course new kitchen and bathroom

I toured one slum lords building to possibly buy and the tenant took such good care of his unit but there was mold everywhere and the bathroom light (not the light bulb, the light itself) had gone bad I guess 5 - 10 years ago and the tenant was just using a lamp to shower with.

And a nice rehabbed cash flowing house with a new roof, hvac, driveway, LVP floors and updated kitchen and bathrooms.

We're a couple big manly men so we go upstairs and there's a couple bedrooms and a small bathroom, but it is crazy cold up here, like ten degrees colder than it is outside at least.

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

We paid him in installments and we're at our final stopof rebuilding our entire kitchen and finishing up small details like filling upnail holes, bathroom vanity installs and etc.

Between furnishings (2 bedroom), stocking kitchen and bathrooms, outdoor furniture and hot tub, I’ll be around $25k.

For example… Home needs paint, flooring, has rusted plumbing in the bathroom and has termite damage.

I believe my home can benefit from minor renovations in the basement bathroom, new laundry appliances, painting, and replacing railings on the home's exterior.  2. 

Now, that said, if you can add a bedroom within the existing floor plan or a basement bathroom those are usually very good for higher ARV, rents and refi.