Hawaii: Sell with or without remodeling?

[Jerry Murphy]

I’ve owned a condo in Aiea since 2002. I’ve rented it out to the same tenant since 2010 for about $2500. They are leaving. I live out of state.

We converted a two car garage into a nice unpermitted apartment under the main 3 bedroom condo. It has a kitchenette and a bathroom with shower.

Rented separately I think I could get about $3500. But I don’t really want to own a place in Hawaii. It is just too hard to get there and dealing with people from far away is difficult.

What is the return on investment of remodeling it in Hawaii? I plan have it painted and to make whatever repairs are obvious and necessary. It needs to be cleaned.

I don’t want to deal with the hassle of contractors and stuff while I am a out of state but if newly remodeled condos sell for a premium I might be willing to do it. Does anyone know the area and have experience with this?