When do you really update?

[Mike Kruser]

The house I'm looking at has outdated floors,kitchen,siding,etc. But I want to rent it out for a couple years and sell it somewhere down the line. So the question is, would it make sense to update the house and then rent it out or leave it rent it out and update when i want to sell.

[Steve Babiak]

Outdated is one thing, worn out and broken is another. For the former, that usually will work just fine for a rental. For the latter, you might need to have things not worn and not broken so that tenants will want to live there.