Originally posted by @Ed B.:
David, you didn't explain if you were selling this property or will be renting it out. If renting, my rule of thumb has always been improvements/updates must enable me to receive more rent and/or rent it faster and/or get a better quality tenant. My personal likes/dislikes are less important. The photos of your bathroom, while slightly dated and maybe boring, look perfectly functional. If you have enough rental demand in your area and are satisfied with the income, I'd be tempted to leave it alone until the time it's very outdated and/or just so worn out that it needs renovating, at which time you can make the changes you want.
Hi Ed , The end goal is a flip - Absolutely no weightage to my preferences :-) Just want to appeal the broad customer base .
I agree 200% with you on rentals , I just do the bare minimum - Even in high price neighbhorhoods , renters have pretty low expectation , i just buy for investing and havebeen a renter for 5 yrs .
In chicago burbs , if it has the right school district , it really amazes me , how the apartment management are able to get away with renting the worst ., I still remember , going on a tour and it has this 1950's Range , absolutely beaten up , scratched , and I asked the leasing manager , how can you even show me this property , This is a very good A class area . Sorry for going on a tangent , but I concur with you .
