If you design it right, furnish it right, and take great photos, then it's almost sure to outperform other homes in the immediate area (this is assuming that it is outfitted with modern amenities like power, sewer, water, air conditioning, etc)I've talked with several contractors over the years about doing something similar.

If you aren't keeping units up to modern design standards every 10ish years, your rents will continue to lag "market" rents.

There is probably a lot more risk on CA prices than there is in the Midwest, however a 20% decline in home values would be a crash of epic proportions, only seen once in modern history.I don't think that's in the cards and here is why:No homeowner will discount their home by 20% (for many basically wipe out their life savings) if they are not forced to; they would rather not sell and just stay there and wait for better times.

Then I added more value through the remodel by gutting it to the studs (almost) and turning it from very old and nasty to a modern masterpiece starter home.

If you use the modern fan where the blade comes out of the housing I’ve had fewer floppy blades to replace.

Invisible hinges give the kitchen a much more modern look.

I'm considering doing updates like bathroom flooring, kitchen counters/backsplash, etc to modernize the space and make it more competitive to the newer construction condos in the area.How should I think about this investment considering rents during COVID are ~30% below pre-COVID levels, and there would be wear and tear on the new finishes long before rents return to "normal"?

., Modern apartment close to Christmas Market.Refresh the picturesShooting a stationary session for the property could be an overpowering way to attract those guests looking for an “authentic” Christmas experience.

In addition, the estate is equipped with a modern lounge, with 22-foot ceilings, a movie theatre, a spa, a top-tier gym and a peaceful meditation garden.

The plumbing is always an issue too, but its normally more obvious if the plumbing was done by checking to see if the two handled shower valves were swapped out and if the rough plumbing looks modern (copper/pvc).