You can't just keep your eye on the ball, you have to identify where trends are going in your local real estate market, or you could be leaving major money on the table!
In this video, I visit one of my investor friends who is doing a renovation on one of his newer acquisitions. Some of the things I learned is:
1.) How to make a small bedroom feel bigger.
2.) Optimizing the layout of a bathroom.
3.) Tenant prospects in our market are demanding higher end apartments. Millennials are spending a higher percentage of their income on rent than other generations. Saving and buying a house is not in the cards. Being in an awesome apartment in a highly walkable neighborhood is.
Matthew Drouin is a full time real estate investor and REALTOR with 12 years of acquisition, disposition, development and management experience in Rochester, NY.