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Updated over 5 years ago,
House Hack Timeline and when to start renovations
Hello everyone,
I'm on my way and purchased my first house hack. It's a 2 bd/1.5 ba, condo on the 1st floor. There is room in the Mbdr to convert the 1/2 ba into a full bath making the condo a 2/2 and still have closet space in the msbr. I also want to take down a wall the closes in the kitchen and give it a move open concept.
With all that I'd like to do to optimize the area and update to command more rent when I move. I'd also like to enjoy some of the upgrades before I have to move.
My question is, when is the best time to start making changes to a place and those changes be renovation expenses vice just making improvements to a personally owned property?
I understand any advice given is not to be taken as legal or tax advice. I'd just like to hear what have other people done it similar situations.
Thanks in advance for your responses.
Clay