Another option would be to increase the usable space of the house by converting a screened porch or garage into a fully finished interior room. Costs vary depending on the location of the home, the type of property and the extent of renovations needed, but the total cost to change a home is usually around 10% of the purchase price. After my husband's recent promotion at work, he started talking to me about home renovation plans and, although I have a lot I want to change, I don't really know where to start. Many property buyers, including homeowners and repair and flip investors, make an acquisition with the goal of doing some kind of renovation on the house.
Often, when buying a home, the investor will spend additional funds to renovate it so that the property matches the vision they have in their head. The renovations you choose to do on a home may be to your personal taste and don't always transfer well when you decide to put the property on the market in the future.