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Updated almost 3 years ago on . Most recent reply

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Cody Wisker
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Inherited property thinking about Renovating them

Cody Wisker
Posted

Thinking of making a big decision, my father left me several properties and I'm thinking about Renovating them and maybe renting them or selling them. They're both paid for and I've been keeping the property taxes paid over the years. They've just been sitting up 4 bedroom 2 full bath homes. But they're in small country towns both are 30 mins from a couple of major colleges in the area. They need a bit of work mostly the bathrooms and kitchen maybe the floors a couple of walls the structures are great. I'm not great at fixing things and looking to hired subcontractor to do most of the work. I don't plan on getting a loan or anything for the renovation I have some side money saved up to do the renovation just not sure if it's worth the investment or either to rent them out or just sell the properties. Being in a small country town their isn't any HOA fees or thing of that sort just property and state tax and city taxes every year

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Drew Sygit
#1 Market Trends & Data Contributor
  • Property Manager
  • Royal Oak, MI
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Drew Sygit
#1 Market Trends & Data Contributor
  • Property Manager
  • Royal Oak, MI
Replied

They've just been sitting?

You don't seem very motivated, so agree with @Jonathan Styer that you should hire a PMC to handle or just sell as is.

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Logical Property Management.
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