House hacking and renovations

[Tanner Jenkins]

Hey everyone! I just bought my first house in Charlotte, NC in late August with the intention of doing a little rehab while I live there. It's a 4 bed 3 bath and I currently have one roomate that helps me split the morgatge. I am advertising another one of the rooms and making sure to add all my expenses into the rental cost (property managment, vacancies, repairs, cap ex, etc.).

My plan for this property is to live in for approximately a year while I do the renovations, and then move out when they are complete and rent the house as a whole rather then room by room.

My issue at the moment is whether I should wait to do the bulk of my renovations shortly before I move out or to do them now and be able to advertise my additional room for more until I am ready to move out.

Am I approaching this in the right way, and what other advise do you guys have for me?

[Andrew Powers]

Congrats on the house! How extensive are the renovations required? Maybe you can rennovate the one room, rent it out, then pick at the other renovations over time while roommates are there