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15 Renovations That Add Value to an Income Property, According to Scott McGillivray

With any kind of value adding renovation you have to weigh the cost against how much you’ll get back in return. Sometimes ROI is measured in the equity you build, and sometimes it’s measured in quality of life. In the case of income properties it’s measured in a few ways: the equity you’ll build in the house, the type of tenants you’ll attract, and the cash flow you’ll get from the rental. If you can maximize all three, you’ll have a great recipe for success. Read on for my top 15 ways to add value to your income property. 

Scott McGillivray is a real estate expert and host of HGTV Canada’s Income Property and Moving the McGillivrays.

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