Multi-Family Home Remodel (Interior/Exterior)
Investment Info:
Small multi-family (2-4 units) other investment in Johnston.
Cash invested: $40,000
I currently own a 2 family unit, I am living in the upstairs unit and renovating the downstairs unit. The downstairs will be completed Sep 2019 and potentially rent for $1400/month. The downstairs bathroom and kitchen were completely remodeled, and the remaining 2 bedrooms and living room are getting updated with minor cosmetic work. I did the demo work myself and hired contractors for the remodeling.
Lessons learned? Challenges?
I learned how to coordinate and deal with multiple contractors, I also learned certain ways to be strict when dealing with a budget. This property has given me a solid foundation so that when I purchase my next property I will be able to remodel and work more efficiently.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Every contractor I worked with I would absolutely recommend to anyone in the RI area. They were professional, efficient, and clean. Most importantly when their job was done, it was done right and I was satisfied.
