i.e. manhattan, downtown Chicago, etc.You could realistically do a fantastic remodel on a unit for less than $4k, bring in a high quality renter @ $1200+.

@James HomesYes, you have over improved and personalized the remodeling.

Hello All,I am remodeling my condo in Chicago with the intention of renting it out in a couple of months.

I'd recommend talking to a construction company that specializes in remodels and getting estimates on having the work done compared to building new, and discussing those options with a Realtor to see what kind of sales you might see.

In an area such as Laguna Beach, CA where it takes 1-2 years to get through planning for new homes, and probably close to that for remodels, buyers don't want a house they need to have work done to in order to get their house, and unless they have the money to pay well over $1,000,000 for a lot and let it sit for a few years until plans get approved, it puts higher demand on already built houses, many of which were built in the 30's and 40's.

. ($9.5m was a drop from original $12.5m)My town: 29 units @ $1.63m all 1/1 at market rents; no remodeling since built in early 60s so not a lot of appeal to tenants.

Cousin runs a very successful kitchen/bathroom remodel business.

I recently purchased a condo in Chicago area, and decided to remodel the condo.

I would want to remodel kitchens and put c/a system in.

I paid about $40k for it and spent $15k on the remodel four years ago.