Homes Need Rehabbed to Adjust to Today’s World

Forbes recently released an article discussing the importance for real estate renovations on older homes and their success for real estate investors.  Many of America’s homes were built years ago and are outdated for those looking to purchase a home today.  According to the National Association for Home Builders, 52% of homes were built before 1980.  These older homes are usually not energy efficient and usually do not have open floor plans, things that current house buyers are typically looking for in a new property.  As a rehab investor, you should make your rehab investments adapt to today’s technology.

Read the Forbes article here – https://www.forbes.com/sites/forbesrealestatecouncil/2019/06/12/how-something-old-can-become-something-new-again/#1068ce3d7fb9

With the cost and regulations associated with new builds, rehabbed properties are becoming more successful, especially since new builds don’t always appeal to everyone. We have mentioned in previous posts that kitchen and bathroom renovations usually have the highest return on investment, but have you had success with updating home offices?  “According to Gallup, 43% of Americans work remotely at least part of the time.” This is one of the points that Forbes mentions as something to consider when rehabbing an older investment property.  What else have you noticed about rehabbing older homes?