Hawaii: Sell with or without remodeling?

[Jerry Murphy]

I’ve owned a condo in Aiea since 2002. I’ve rented it out to the same tenant since 2010 for about $2500. They are leaving. I live out of state.

We converted a two car garage into a nice unpermitted apartment under the main 3 bedroom condo. It has a kitchenette and a bathroom with shower.

Rented separately I think I could get about $3500. But I don’t really want to own a place in Hawaii. It is just too hard to get there and dealing with people from far away is difficult.

What is the return on investment of remodeling it in Hawaii? I plan have it painted and to make whatever repairs are obvious and necessary. It needs to be cleaned.

I don’t want to deal with the hassle of contractors and stuff while I am a out of state but if newly remodeled condos sell for a premium I might be willing to do it. Does anyone know the area and have experience with this?

[Daniel Kong]

Gotta agree with @Isi Nau . If you are in Aiea, you aren't selling to luxury home-owners. The biggest value is just the land in Hawaii. And contractor costs here are so much more than other parts of the US. Best bet is to get it in decent shape and sell it like that.