How to know when enough is enough for rehabs!

[Samuel Fletcher Hardy]

Hey guys I have a triplex in the middle of port orchard wa that I am house hacking!

Our goal is to create $60k in equity the property definitely needs the work it's been neglected for the past 8 years.

I am a contractor with tons of remodeling experience and the finances to do most any work but how do I know when enough is enough?

Obviously we dont want to do granite counters but should I do tile backsplashes. I refinished the oak floors that were under the carpet.

(was cheaper then doing anything else)

[Will Barnard]

Pretty tough for us to answer your question without more details. We don’t know anything about the property, the purchase price, the renovation costs, the exit value, or the market conditions in that neighborhood.

Also, generally speaking, granite is outdated but still a step up from tile counters or even worse, Formica.