The only problem is that you will need to save enough money for closing which will be several thousand dollars.I have a friend who did this and upgraded his home several years later.

Capital Improvements: Expenses maintain the working order of somethingCapital improvements increase the life, upgrade or substantially improve the property.A replaced leaking pipe is an expense.

Zero inquiries, other than a few that they make me pay/upgrade to see.

renov is comestic, upgrade, it's a 60's house in all the decor sense. i already have a realistic budget.based on a similar purchase on the same street by me last wk, my offer will be really embarassing.should i wait, let it list, sit in market...and approach later?

But if you add in all the interest, taxes, insurance, maintenance and upgrades, a residence is often break even or a loss.

This is a common mistake for inexperienced investors not to properly budget money to upgrade heating and insulation in old buildings.

I'd much rather focus my money on an upgraded kitchen and bath - things that will get buyers to open up their wallet - rather than fixing up broken systems that everyone expects to be in place.Once you start getting into the repairs, you're going to discover all kinds of things to fix and upgrade.

Recently upgraded units with longtime property management company still in place.

Its a very rare feature in my area so I ussually only install it in rooms that really lend themselves well to added details like crown, wainscoting, or an upgraded base moulding.

I'm upgrading kitchen and all the baths bringing it from 1960s straight to 2013.Thanks in advance