MeetKevin and I discuss the five most profitable renovations you can do when investing in Real Estate to get the highest return possible, whether it’s a rental or flip…Enjoy! Add me on Instagram/Snapchat: GPStephan
AMAZING LED LIGHT-UP TOILET GADGET (MUST HAVE 2018): https://amzn.to/2JRKO7R
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
MeetKevin’s Channel:
https://www.youtube.com/user/KevinPaffrath
MeetKevin’s IG: RealMeetKevin
The Most Profitable Home Renovations:
First: Kitchen. This is often the first thing people look at when checking out a new property. Opening the kitchen and creating an open floor plan is often the easiest “bang for the buck,” but renovating a kitchen doesn’t need to be expensive. Oftentimes painting existing cabinetry and changing the hardware can be sufficient. Sale sections at Home Depot also work well!
Second: Flooring. Luxury Laminate Flooring is essential, especially in a rental. When flipping real estate, it’s OK to go higher end with real hardwood floors depending on the area - but for a rental, most laminate flooring is just as good, cheaper, and more durable.
Third: Bathrooms. Again, this doesn’t need to be overly expensive. New vanities are fairly inexpensive. You can often keep existing tile and re-glaze it a different color to make it more modern.
Fourth: Lighting. Add recessed lighting - It makes a massive difference. If you have popcorn / acoustic ceilings, scrape them and add recessed lighting at the same time to save on labor. Dimmable lights also go a long way.
Fifth: Landscape. This is frequently overlooked but it’s an easy way to add to the curb appeal on your home and stand out from everything else. For a rental property, DO NOT plant intricate landscape that tenants could neglect. Instead, chose tenant-proof landscape options: gravel, mulch, and low-maintenance greenery. Succulents are great.
Sixth Bonus Tip: Baseboard. 4” baseboard around the new floors and around windows/doors adds a sophisticated, upscale vibe to the home for an extremely inexpensive price.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
AMAZING LED LIGHT-UP TOILET GADGET (MUST HAVE 2018): https://amzn.to/2JRKO7R
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
MeetKevin’s Channel:
https://www.youtube.com/user/KevinPaffrath
MeetKevin’s IG: RealMeetKevin
The Most Profitable Home Renovations:
First: Kitchen. This is often the first thing people look at when checking out a new property. Opening the kitchen and creating an open floor plan is often the easiest “bang for the buck,” but renovating a kitchen doesn’t need to be expensive. Oftentimes painting existing cabinetry and changing the hardware can be sufficient. Sale sections at Home Depot also work well!
Second: Flooring. Luxury Laminate Flooring is essential, especially in a rental. When flipping real estate, it’s OK to go higher end with real hardwood floors depending on the area - but for a rental, most laminate flooring is just as good, cheaper, and more durable.
Third: Bathrooms. Again, this doesn’t need to be overly expensive. New vanities are fairly inexpensive. You can often keep existing tile and re-glaze it a different color to make it more modern.
Fourth: Lighting. Add recessed lighting - It makes a massive difference. If you have popcorn / acoustic ceilings, scrape them and add recessed lighting at the same time to save on labor. Dimmable lights also go a long way.
Fifth: Landscape. This is frequently overlooked but it’s an easy way to add to the curb appeal on your home and stand out from everything else. For a rental property, DO NOT plant intricate landscape that tenants could neglect. Instead, chose tenant-proof landscape options: gravel, mulch, and low-maintenance greenery. Succulents are great.
Sixth Bonus Tip: Baseboard. 4” baseboard around the new floors and around windows/doors adds a sophisticated, upscale vibe to the home for an extremely inexpensive price.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
What about exterior doors? They’re expensive to replace and mine are ugly. Is it worth it on a rental property?
Great Video! lots of questions, I wish.
Why didn’t you guys mention Tile flooring, there are good deals, slightly more expensive but worth it if it’s on layaway.
Don't button the bottom button on your vest!!!
Kevin seems like a swell guy
Unbotton the bottom button
Damn…that other guy was fucking annoying. Good information though
ive been watchng you both for years. you both are so little here lmfao. I feel good about my height all of a sudden. Big kudos on both of you for teaching me stuff
It was hilarious and informative, I love it.
Thanks!
My friend told me. watch this video, this is the reason why I don't invest in real estate. I was whattt 🤯🤯🤯🤯🤯🤯🤯. I said this is the easiest stuff you can learn, compare with all the legal issues. come on!
Damn back when Kevin only has 31k subscribers! Dude has come a long way
powder room = a half bath w/ a mirror, typically with ornate/stylish accents
Great and interesting show. You two feed off of each other really well. Enjoyed it!
Great Content
Grahm got tight
50/sqft is cheap for quartz. Where the literal F are you getting quartz for 10/sqft. Are you crazy
How about a video on determining whether it is more profitable to sell a home you own or make it a rental? I'd fine that very useful.
I know what a powder room is.
Graham is correct – definitely do not button the bottom button on a vest 🙂
And how is better to do if you don't have a money lol.For example I want to have a new ticket and bathroom but want to hit off a few wall too. So do I get a bigger loan or for one of each get that thing where the company will do and I pay back monthly?
Graham, you quit a job because you didn't want to wear dress shoes. Come on, buddy. You can't call out your dapper friend, Kevin over suit etiquette . Button vests to the bottom! The post at the end is totally wrong. … But thanks for all your other content!
a powder room is a half bath only a sink and toilet
There is no way Graham spend $9/ft on Quartz countertop. Not Even in 2018.. c'mon lol. Great vid tho
This was super duper informative
Powder is the bathroom with a sink and toilet. No tub or shower 🧼
I know what a powder room is… I just googled it.