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Updated over 8 years ago,
Buyer
I'm looking at 4 unit apartment. I'm having a hard time with how much remodeling should I do to it and should I deduct the estimated amount from the offer. I like my properties to look nice. A unit is on the market for $119k and most likely there going to be four other bidders. Do I offer full price or stick to my thinking and estimate what the updates will cost me an deduct it from the sale price and most likely lose the building. The things I'm looking at to repair probably do not need up dated right a way. It is like if it not broke don't fix it type of thinking. Is there a percentage that I should use. I do know the every building I buy, I usually have to put about 4K in to it just to rent it.