What Remodeling do you do?

[Sean O'Dowd]

As you purchase a duplex/tri/quad and want to rent it out, it makes sense to want to upgrade the property before doing so to boost the amount you can ask for. For some quick background, I haven't purchased and am in the process of creating a business plan.

In my mind, I think that I would (this is assuming no major issues that an inspector missed):

• buy cheap, neutral colored paint.
• Buy cheap, but stainless steel appliances from a big box retailer
• New shower head and potentially sink for the bathrooms.

My hope is that for a 1,000 sqft unit, this would cost less than a thousand dollars.

Is my hope a little too optimistic? Are there any other renovations I should put into the business plan?