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.

The main reason I would like to start off my career with flipping a few properties is so I can have a quick ROI and I want to do real estate full time as soon as I finish my contract.

A nice looking finished basement will go south real quick with moisture and your tenant will soon be displeased (rightfully so) about the nice basement they initially thought they had.See what the market is doing, but also consider what your specific property factors are. 

I went to Federa's website and found SmartBuy DIY where I did by myself every process from start to finish.

Finishing the basement would bring it from four bedrooms to five bedrooms.

I just finished a quick rehab of an apartment in one of my buildings and I thought it would be of interest to see my actual costs. 

I’m currently renovating my first property (purchased as a foreclosure) specifically for a student rental but chose finishes that many people watching from afar have said are “too nice” for a student rental.

Bringing strangers into homes and paying them to work with occasional argument about finishing work.

However, most lenders have no desire to deal with that which is why they work with experienced and proven investors they are confident will drive the project to its finish. 

This fully renovated 4-bedroom, 3-bathroom home features high ceilings, modern finishes, and a downstairs bedroom for convenience.