5 Ways to Make More Money by Adding Value in Your Properties

1. 5 Ways to Make More Money by Adding Value in Your Properties

2. One of the strategies that can be used in real estate is to add extra value to the properties you buy and here are some of the ways that can be used to add value in your property.

3. 1. Property Renovation • You can buy a rough looking property at reasonable price and then renovate it completely. Now your property is ready for renting out at higher price. • Expertise and right knowledge about the money that needs to be spent to fix up the property helps in earning profits.

4. 2. Bedroom Addition • Try to utilize the space aptly in property. You can think of the ways how you can add bedroom with little work. This will further help in getting significantly higher amount of rent.

5. 3. Add Separate Garage Space • Adding Garage can be profitable. Built a garage and then rent it. You can good ROI in some years for the same.

6. 4. Add Secondary Suite • Utilize basement of the houses efficiently, if you have one. • Secondary suite is always helpful in making rental profits.

7. 5. Make 2 Car Garage Space in Rental Units • If already have 2 car garages on property. Just add a wall divider to it, do little renovation. It also helps in getting good amount of rent out of it.

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