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Updated about 9 years ago,
To update bathrooms or to not..
Morning BPer's,
So I recently purchased my first house. I got the house for $78,000 and it appraised for $84,000. After my down payment and everything, my mortgage is about $68,000. My question is, I plan to live in this house for about 3-4 years and then rent it out for the foreseeable future. I'm wondering if I should spend about $2-2.5k to renovate both of the bathrooms is a smart move. The neighborhood is decent, but my house is probably on more on the higher end of the price range, so as of today, I probably don't have toooo much room to grow as I don't want to price it out the neighborhood, but do you think for a buy and hold this would make its value back in the long run?
Thanks in advance!
Ryan