Bought the highest priced home in my neighborhood Dumb?

[David M.]

Upon further inspection I purchased the most expensive property in my immediate neighborhood. I am now worried about this as a result of lacking support around me to increase the property value over time. I am going to rent out the home after this year and plan on doing some reno to it. New kitchen cabinets, minor remodel of a bathroom and possible new flooring. Wondering if this is a wise move. The house itself is in great shape except for minor cosmetic stuff. Should get top dollar in rent and is worth what I paid for it. I am just worried about the future of this property and what value I may be able to get out of it.