Investing in the Smokies
Is it worth it to renovate an out dated cabin (needs newer bathrooms, kitchen, staining )that is a 4 bedroom or buy and a newer 2 bedroom in this region? Is it worth the expense to make the higher cash flow potential ? Many of the cabins seem more turnkey and I am wondering if it's worth the renovation cost or what are the upsides and down sides of this . What are the amounts people are investing in Reno before it is a loss ?
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I would say it is worth it to rehab considering the price an updated 4 bed can get for either a sale or revenue there now.
from what you listed that isn’t much to do instead of a complete rehab. What kind of price range is it?