Identical Units, Totally Divergent, or Somewhere in between

[William S.]

So I’m about to close on an old Victorian which has been split into 2, 2-Bedroom Units. I’m sure the answer is: it depends on your situation, finances, etc...

BUT...I’d be really curious to hear from a more strategic perspective if you all would go for cost-effectiveness and renovate both units with basically the same design elements, materials, colors, etc....

OR

Would you go out of your way to make the units different to appeal to a wider audience? Or somewhere in between with one or two major color/material difference inside but otherwise the same bulk flooring, carpeting, etc...?

I’m hoping to short term rent one and long term tenant the other. But really I think the question stands for doubling up on either approach too.

What am I missing in my thinking on this?