A Guide to Investment Property Renovations
Investment properties can experience a significant boost in value through comprehensive renovations, often increasing market worth by 15-20%. At Spartan Invest, we approach property renovations strategically – from installing new roofs and modern HVAC systems to updating kitchens, bathrooms, and flooring.
Through our streamlined renovation process, we minimize costs while maximizing returns for our clients. Effective project management – setting timelines, managing resources, and coordinating teams – ensures that every renovation project is completed efficiently and profitably.
The Spartan Invest Advantage: Our Renovation Process
It Starts With Our In-House Team
Unlike general contractors who rely heavily on subcontractors, Spartan Invest renovations are supervised by a dedicated team of in-house specialists. This direct oversight ensures tighter control over timelines, budgets, and quality standards, reducing delays and ensuring projects finish on schedule.
By relying on our own team, we eliminate common contractor-related issues, keeping every renovation aligned with our high standards and our clients’ investment goals.
Economies of Scale to Save You Money
Because we renovate a large number of homes each year, we benefit from economies of scale. All renovated properties use standardized fixtures in kitchens and bathrooms, allowing us to purchase materials in bulk at up to 25% below standard retail pricing.
This not only ensures consistent quality but also simplifies repairs since our maintenance teams are familiar with every component. While costs still vary based on property size and scope, this system ensures savings and greater efficiency across all projects.
Key Renovation Projects to Maximize ROI
Kitchen Renovations: The Heart of the Home
A well-designed kitchen can dramatically increase both rental and resale value. Complete remodels often include new cabinets, countertops, and flooring, and while they require permits and inspections, they also deliver some of the highest returns.
Energy-efficient upgrades – such as modern appliances and LED lighting – reduce long-term utility costs, making the property more appealing to buyers and tenants.
Flooring Options: Balancing Cost and Durability
Flooring plays a critical role in both aesthetics and functionality:
- Hardwood Floors: Classic look, durable, high resale value, but more costly and maintenance-intensive.
- Vinyl Flooring: Affordable, low-maintenance, and ideal for high-traffic rental properties.
By carefully balancing cost, durability, and tenant expectations, we ensure flooring choices that boost appeal and ROI.
Exterior Renovations: Boosting Curb Appeal
Exterior updates often provide the first impression that drives rental or sale interest. Enhancements can range from simple updates like fresh paint and new fixtures to major projects like roof replacements, siding upgrades, or landscaping.
Energy-efficient exterior improvements not only improve curb appeal but also lower long-term operational costs for investors.
Our Philosophy: How We Protect Your Investment
At Spartan Invest, we believe renovations should reduce long-term headaches for our investors. That’s why 80% of our homes feature brand-new tin roofs and HVAC units, protecting properties from structural issues and ensuring tenant comfort.
For major additions or structural changes, we also recommend consulting engineers to ensure both safety and compliance.
The 3 "M's": Our Framework for Smart Renovation Decisions
Every renovation project is evaluated against three guiding questions:
- Is it a safety must? (Protects the integrity of the home)
- Will a tenant pay more for the feature? (Supports higher rental income)
- Will this reduce long-term maintenance costs? (Lowers ongoing expenses)
This framework ensures every renovation delivers practical value and measurable returns.
Budgeting for Your House Renovation
House renovations can quickly exceed expectations without a structured plan. A comprehensive budget that accounts for materials, labor, and permits is key to avoiding surprises.
Here’s a sample cost breakdown for a $25,000 renovation project:
By working with Spartan Invest’s project managers, investors can ensure renovations remain on schedule, within budget, and optimized for maximum ROI.
