How Do I Add Value to my Property with New Flooring?
Choosing the right flooring is critical for durability, aesthetics, and returns. Learn which materials perform best in rentals, cost ranges, and installation tips.
Top 9 Renovation Mistakes for Active Investors
Not all property renovations end in financial success.
Why? Because some times mistakes have to be learned the hard way.
And over the last 15 years, I’ve completed over 100 renovations (some personal, some with investors I work with). Through that I’ve made my fair share of mistakes. Many of these are the same mistakes I see my clients making at Wolfe Property Coaching.
That’s why, in this article, you’ll learn my top 9 renovation mistakes for active investors. That way you can avoid them and save yourself time and money.
Because it’s easy to know the right way, after doing it the wrong way. And while hindsight is a great thing … you can’t benefit from it until later.
How do I add an extra bedroom when renovating my property?
Adding an extra bedroom is one of the smartest moves for any property investor following the BRRRR strategy.
It’s often the fastest and most cost-effective way to boost both a property’s value and its rental income.
In this guide, you’ll learn how to add a bedroom step by step - from what to look for before the open home to the key decisions that make your renovation a success.
How much does it cost to renovate a property?
Most property investors ask: “How much does it cost to renovate a property?”
In investment renos, costs are often more contained than personal home makeovers - but it’s still crucial to balance spending with expected return.
As a benchmark, investors coached by Wolfe Property often spend $60,000–$80,000, though you should expect no less than $50,000 for a meaningful improvement.
Below, you’ll find ballpark costs for key renovation components and tips to keep your budget in check.
The Ultimate Guide to the BRRRR Strategy
The BRRRR (Buy, Renovate, Rent, Refinance, Repeat) strategy is the playbook for renovations-based investors.
In this article, we outline what a BRRRR strategy is, how much it costs, and what type of investor it is best suited to.