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Updated about 4 years ago on . Most recent reply

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22
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Andrew Katz
  • Rental Property Investor
  • Chicago, IL
15
Votes |
22
Posts

Rental Consultant for First Property

Andrew Katz
  • Rental Property Investor
  • Chicago, IL
Posted

I just purchased my first property (Owner occupied duplex). I'm living here for the next 1.5-2 years, and then I will either rent it our or sell it (depending on the market). I'd like to make updates to my unit while I live here, but I want to make sure that the updates aren't too fancy for the neighborhood or won't decrease the home value. When I think about possible updates, I'm not sure what direction I should go. Examples:

  • Worn hardwood floors: Do I sand and refinish or replace with wood laminate?
    Washer/Dryer: Currently they in reside in basement and shared with upstairs unit. I need to go outside to the basement which is a pain in Wisconsin winter. Do I add a W/D to each unit?
    2 Prong outlets: Do I keep as is? Or convert them to 3 prong outlets?
  • Sliding French Doors: There non-working french doors 

Question: Are there people I can hire to consultant and walk through my unit for an hour and give me advice? What are these professionals called?

Most Popular Reply

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1,436
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1,060
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Rebecca Knox
  • Specialist
  • Milwaukee, WI
1,060
Votes |
1,436
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Rebecca Knox
  • Specialist
  • Milwaukee, WI
Replied

Did you get an inspection done? You need the GFCI outlets on exterior, bathrooms, laundry area and kitchen. I always say if it's possible to refinish and sand, do that. What neighborhood is the property located in? I may be able to connect you with someone investing in that area that could help you. 

  • Rebecca Knox
  • Loading replies...