Taking advantage of these seven steps can help you compete with high-end properties:

"Property owners with older multifamily units sometimes struggle to compete with newer, high-end builds, but that doesn't mean that these types of units don't have investment potential. With the right add-ons, they can provide a real return on investment.

The key is finding the right mix of upgrades that don't have extreme overhead costs but can still substantially improve the property. Investors and experts cite several upgrades that tend to perform better than others; here are a few of them."