Best/Simple Home Improvements before Refinancing

[Account Closed]

I will be househacking and currently looking to buy a small duplex in Saint Paul... The duplex is very small & some upgrading will definitely be in store but am wondering what are the most strategic upgrades or renovations I can do to increase value in my home? I would like to re-appraise it shortly after so I do not need to pay mortgage insurance. Any ideas?

[Tim Swierczek]

@Account Closed and get a quote for the work needed.  

Sixth, you will need to calculate if the cost of the work is worth the cash needed to remove the MI. While the MI can be removed at 80% LTV, if you want to be reimbursed for the cost of the rehab you will be limited to 75% LTV on a conventional loan.

My last comment would be this information should be very easy for your Realtor to calculate and a good investor-focused full-time Realtor should have suggested this information to you as part of the process. I know many killer investor-focused Realtors and I know they commonly do this for their clients without solicitation because they want and need you to be successful and because they love investing themselves.