We've added value (TBD) by making small cosmetic repairs like windows, screen doors, fixing leak in bathroom and the deck attached one of the units What was the outcome?

We've added value (TBD) by making small cosmetic repairs like windows, screen doors, fixing leak in bathroom and the deck attached one of the units What was the outcome?

Purchase price: $270,000 Cash invested: $1,000 I bought a 5 bedroom 3.5 bathroom new construction home in Houston using my VA loan.

Downtown it will be roommates not so much families.... so 2 beds 2 baths with bedrooms and bathrooms the same size with closets between bedrooms is appreciated by my tenants.

Prioritize the essential updates, like the floors.

Have as many BR and Bathrooms that you can afford (i.e. get financing for). 

If you want to live in these areas find a property that offers a little bit of ad value projects- like updating kitchens and bathrooms.

Harvey,There are a variety of factors at play, region will play a factor, age of property will play a factor, diminishing returns plays a factor (for instance going from 2nd to 3rd bedroom will be more valuable then 3rd going to 4th) To me the key to to a CMA is get as close of comp as you can when it comes to these factors (square footage, bedrooms, bathrooms, age, size of garage, size of yard) Once you start diverting too far it become a bit more of an art then a science. 

We built a true cabin (unconditioned space- no bathroom) this size and it feels tiny. 

In order to do that I would need to put mini-splits in each unit, currently have window ac,  get new windows, new roofs (already ordered) update kitchen, bathrooms, furnish the units, and will have to do 1 by 1 because I need to wait until the tenants move out, etc.