AND textured for $2,000.Drywall guys like to tell you that texture costs more, but keep in mind that it actually costs them LESS to provide texture.

You get the more reliable LTR revenue that could support the building costs and the STR revenue to boost profits.

It's important to have enough capital for the down payment, closing costs, holding costs, and some cash to start the work.

There is a lot of value in being able to invest in your backyard - the ability to check on the property any time, saving costs for not hiring property managers and knowing the area better.

This could limit your ability to refinance in the future to lower your payments.Rental Viability: Renting out a very new home (built in 2019) may not be ideal due to potential wear and tear concerns and the fact that it's less likely to need significant repairs or updates that tenants often expect.Local Market Considerations: Chicago's property market is known for high property taxes and historically slower appreciation compared to other markets.Financial Necessity: If you don't have a strong financial or personal reason to move, such as proximity to work, family, or lifestyle changes, it may not justify the hassle and costs of buying a new primary home.I am a loan officer so feel free to reach out to me directly if you have any other questions or would just like to discuss!

You can also arrange to get the materials yourself and shop around for better pricing, which can help keep costs down.

I find data on free sites like Zillow extremely helpful for days on market for certain homes, and it allows you to sort by bedrooms to see how long a potential property may sit on the market at this moment (great for comping rent prices in the area as well)if I were to live in the property, I would take advantage of the FHA low down payment option to keep cash in my pocket for Reno costs  Hope this helps!

Taking into account both immediate costs and future rental revenue, this analysis will assist you in deciding whether making the renovation expenditure is in line with your financial objectives.Second, you have choices when it comes to finance.

The company that does my primary home insurance (and all of my other rentals-costs of those range in price), doesn't do mobile homes.

China is no longer the world’s low cost producer and all of those production facilities have to make a move along with the distribution channels.