Air Conditioning System Upgrade in 4-Family Rental.

[Samson Kay]

FIRST POST!

Hi Everyone. Looking to get some opinions. I recently acquired a 4 family home and was trying to determine what kinda of capital improvements I can do to the property short term that can add value to the home as well as justify a higher rent price.

I've looked at every apartment listing in a quarter mile and have determined that the main thing they all have in common is a dish washer (which I'm ok with installing) and a Airconditioning unit.

Now the apartments all have a separate central heat system and ducts. Do you think it would be worth it to upgrade the unit to supply airconditioning as well to make my apartments nicer? Do you think its worth the money? Will the house appraise for higher with the upgraded system if I were to put it back on the market in 5-10 years?

Thanks for your insight!