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Updated about 8 years ago,
Natalie KolodijPoster
Tax & Financial Services
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- Accountant
- Charlotte, NC
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Live in Fix/Flip: What renovations early on v. right before sell
I'm considering doing a live in Fix/Flip over 2 years (to avoid capital gains and to allow me to financially be able to do a full renovation)
I'm looking for any feedback from those who have done it before, or just who have more knowledge/ experience than myself...
What stuff would you do right away vs. waiting til closer to selling. Based on how well it holds up, odds of wear and tear ect..
Like I'd think a bathroom reno would be okay to do early on, and would just need touch up paint 2 years down the road.
But painting interior, I'd imagine would need to be re-done at 2 years ?
Thoughts on a timeline or order of operations for what you'd do?
Thanks!
Kolodij Tax & Consulting