How and When to Add Value

[Ian Zuber]

Hey, BiggerPockets community! I am proud to say that with a lot of advice and guidance, I finally purchased my first property. It is a duplex in a very nice Pittsburgh suburb close to hospitals, nightlife, shopping, and recreation areas. I'm very excited to dive into my first investment and do whatever it takes for it to reach its maximum potential. One thing that I am having trouble trying to analyze is how to tell when a renovation project is worth it. The house was built in the 1920's so there is a lot that could be done to make it more marketable and look/feel nicer but I don't want to go over the top when the money could be used better elsewhere. I'd love any opinions, resources, or advice!