I’m exploring the idea of buying a vacation home near Yosemite, which I also plan to list on Airbnb.

House hacking can certainly be a great way to build equity and reduce living expenses, but it’s essential to have a cushion in case your rental income doesn’t come in as expected or renovations take longer than planned.

Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

It's not just about creating beautiful spaces; it's about making every square foot work hard for both the investor and the end-user.Optimizing Space UtilizationThink about how reconfiguring a floor plan can add value.

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

Unless you are buying at a significant discount, or are hacking it, or have some other value added strategy or plan.

If you plan to invest in Vegas, phoenix or any of the same kind of markets you really need to ignore the general examples given for maintenance, capex and such.

If that is your plan then go do something else.

LVL material, preference for an open floor plan, make this renovation very popular.

If it’s an older property or has deferred maintenance, you might want to lean toward the higher end.When it comes to CapEx (capital expenditures), planning for major replacements like roofs, HVAC systems, and appliances is key.