Keep original 1955 SFH wood paneling wall or update to drywall?

Question

Hello everyone, I’m a new a real estate investor and I’ve came across a great deal in my hometown. The 2/1 SFH was built in 1955 and is 1,000 sq ft. My question is: before making an offer, what are some things you would check out first with a home having this criteria? The house has the original pine wood paneling walls throughout, so would you touch that or update to drywall? I’m wanting to make it a Section 8 rental. With the estimated rehab cost, I’m looking a 15% CoC return. Thanks in advance!

Mike McCarthy · Answer

@Jermenta Gardner priming and painting paneling is a good, inexpensive way to update it.

Drywall would be a better alternative I think if you were flipping or in a A-class neighborhood. But it sounds like paint is a good middle-ground.

Jermenta Gardner · Answer

@Theresa Harris Great information! I really appreciate it!

Jermenta Gardner · Answer

@Jhanel Wilson thanks for reply. Really helps!

Theresa Harris · Answer

I'd also vote for painting it. In corners, use a paintable caulking to fill any small gaps. The gaps will be more noticeable when it is painted a light colour (which I assumed you will be doing).

Jhanel Wilson · Answer

Paint it and call it a day. Paint does wonders.

Jermenta Gardner · Answer

@Mike McCarthy I was leaning towards painting it also. I appreciate your feedback bud.

Keep original 1955 SFH wood paneling wall or update to drywall?

Keep original 1955 SFH wood paneling wall or update to drywall?

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