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Maximizing Return on Investment
Once you've acquired a property, maximizing its return on investment (ROI) is essential. Renovations and improvements can significantly increase property value and rental income. Focus on cost-effective upgrades that appeal to potential buyers or tenants, such as modern kitchens, energy-efficient appliances, and updated flooring. According to the National Association of Realtors, kitchen renovations can recover up to 81% of their cost in resale value2.