Strategic Repair/Reno Before Selling

[Curtis Baker]

My wife and I are in a bit of a predicament. She is 1/3 owner of a two family with her grandmother and father. Business with family is less than ideal but we decided to give it a shot. This past year there have been numerous disagreements, arguments, difference of thinking, etc which drove us to wanting out. The situation we are faced with now is whether or not we should take a chance and renovate one of the units bathroom and kitchen prior to selling in hopes of making a return on the money put in for the renovations. What projects should we do prior to selling? Is it worth diving into a full bathroom/kitchen gut (unpermitted/handyman not of my choice) possibly revealing more issues or just paint, new cabinet pulls, switches/outlets, lights, etc?

[Jonathan Greene]

Do nothing for this property because the other side will not allow to get the gain out of it and you will never agree. Immediately sell your 1/3 to one of the others and if you can't, beg everyone to sell for anything you can get before you spend five years asking the same questions and never agreeing.