Not sure what your position is but I would live in a home well you can remodel it.

:From what I understand you are trying to compare which of the following two opportunities I would prefer as an investor:1) Buying an investment property at a discount with cash2) Remodeling to release trapped value and getting it reappraised for a higher priceActually both approaches can work great together as well as separately.

I am an interior designer and have experience in remodels.

Or the chain on one of the toilets is broken.

I'd add that an architect should be able to have an advantage....knowing what remodels costs, being able to have a vision for improving a property to add value.Firstly, on Scenario3, when you sell your primary residence (if you've lived in it for 2 years of the last 5 years; sounds like you did), then up to $500,000 of the gain, upon sale, is forgiven by the IRS (non-taxable gain).

They will start with a kitchen remodel permit, which can usually be approved over the counter.

I've noticed a lot of newly remodeled homes are selling for way over what the market comps are justifying.  

I'm comfortable transitioning to a new and different career because of my experience in home re-modeling, I've done most aspects of a flip within my own houses & both my parents & friends homes over the years.

Our first flip is under contract but now the buyer is coming back with wanting other things done or credits...we pretty much remodeled the whole house including a new roof and a new furnace, new stainless appliances and we priced it slightly below market to move it and we did in 2 days with a multiple offer situation.

 -4 days total5)  kitchen rehab- granite countertops, new cabinets, i only choose what i find in stock. 3 days max.6) Button up- New light fixtures/cover plates/ new toilets/ landscaping.  3 days max.Total Rehab time: 16 days...