Mix of 2 bed, 1 bedroom and efficiencies.

There are just too many chiefs (lawyers, accountants, consultants, engineers) to be efficient.

As a general rule of thumb, whenever an appliance such as a refrigerator, dishwasher or washing machine, that is more than 8-10yrs old, or whose design is more than 10-12 years old, breaks, and the repair estimate is >15-20% of the cost to replace {with one of our standard models}, we replace the appliance.In most cases, the energy efficiency of the newer appliance, combined with our experience that once you under take the first "major" repair on an appliance of that age, the time to the next one is measured in months, not years, makes purchasing a new appliance the better solution.

. - giving them an efficiency update and then placing them as get-away home to wealthy folks from away.

@Chris Chris@Glenn Espinosa and @J Scott are correct, there are two many variables - your location, what you "mean" by a full gut renovation {i.e. are you shooting for significant energy efficiency improvement}.We are in a place with relatively high labour and materials costs.

The problem is that it takes a lot of operational efficiency to overcome the cost of capital advantage that the big players have.Those are my two cents, and I'm very interested to hear other people's thoughts on this.George

He got a 5 yr interest free loan to put in a high efficiency system.

(leans more towards the aesthetics of leverage and efficiency and freedom than greed i think).

It's $50/mo, and it updates pretty efficiently.

This in turn lead to an increased ability to vet prospective sellers quickly, efficiently and lead to more accurate decisions.