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Updated about 4 years ago,
Please Help as I am Fresh
Hello
Im new yet eager.. Im buying a home here in Shreveport LA. I only paid 25k for it. I am now thinking about refinancing to rehab. Should I?
I purchased online so I honestly don't know enough about home or comps as each website states different.
I think renovations will run around 15k.
Its 4br 2ba.
I want to update kitchen, bathrooms lighting and exterior.
My uncle said not to bother with the remodel and instead put someone into the home, as it would decrease my monthly payments and she didn’t believe such remodeling would actually add that much value.
Any opinions here? I’m thinking at the very least to do the floors ($2k) and then not bother. Should I just go with the refi to accomplish remodel or listen to my uncle and put tenant into the house?
Anything would help. Than