To Renovate or Not To Renovate

[Boone Tyson]

So we just picked up a solid investment SFH. We are planning to BRRRR it. We know it needs new electrical, AC, fans and lights, paint, flooring, and miscellaneous. The bathrooms are actually in overall good condition and don't seem to be in need of a remodel to make them more functional. They could simply be updated a little bit. The area we invested in will drive the rent rates more than our remodel because it is VERY desirable.

Just wanted to get some input about whether you think its worth remodeling the restrooms for a long-term buy and hold or let it ride a few years

[Patricia Steiner]

Congrats on your new acquisition.  It sounds like your rehab investment could be better used in some other areas and that the bathrooms won't be holding any tenant back from renting, right?  I would recommend making the existing bathroom sparkling clean (newly caulked, bright light, maybe paint, shower curtain) - and leave it there.  The area is the driver so don't over-improve; there's a tenant waiting to move-in!