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Updated over 3 years ago on . Most recent reply

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Matt Sora
19
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77
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Most important thing when renovating

Matt Sora
Posted

What is the best way to improve the value in apartments or houses that works no matter where you are ?

Most Popular Reply

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632
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539
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Andy Sabisch
  • Investor
  • Wilkes-Barre, PA
539
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632
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Andy Sabisch
  • Investor
  • Wilkes-Barre, PA
Replied

Updating but not over updating . . . . see what the area is expecting and target that for your rennovation.  Finding a property that is stuck in time that an update will boost value and marketability is key.  But not spending money for upgrades that are out of place for the focused market it is in will not add the value people often think it would. We recently did a flip where we used marble looking countertops and even the appriaser said for the area, that was a great choice . . . $200 verus $4,000.  The value went way up with what we did but in talking to agents and teh appriaser, going with higher end finishes would not have gained us what we spent.

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