When to rehab or leave it alone

[Stephen Lynch]

Hi all,

Most of my rentals are all upgraded and almost like-new, but I have one that requires a new bathtub, new bathroom floor, full house painting, new trim in areas, etc. otherwise it's in pretty good shape. The perfectionist in me wants to upgrade those elements, but I'm getting top-dollar rent in my area in it's current state and no problem finding good tenants. In other words, I don't think I'd make any more by making the renovations but I feel as if I should. 

Does that mean I don't renovate it? It's hard to balance that in my mind!

Thanks. 

[Erickson Sainval]

If the value isn't there and there is no need for it, save yourself the trouble. As long as you are providing a well maintained home, the rest should all have a strategic business approach to it, not personal.