Sep 23, 2016
Learn how to determine whether investing in a home improvement is a good idea or not.
Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod
Linda,
I have a rental house that is also our beach house. I rent it
out on VRBO for extra income. I’ve been wanted to make some
cosmetic changes and wanted to ask your advice. I like painted
baseboards better than wood baseboards - should I change them? I
also am thinking of replacing the carpet in the bedrooms to tile
and the kitchen countertops from tile to granite or quartz. Is it
worth it to make
the investment? I love your podcast and listen religiously. Your
advice would be greatly appreciated!
Bonnie
Thank you for the questions, Bonnie!
When thinking about making home improvements to a rental or your primary residence, consider this:
1. Will it improve the value of the home?
2. How long will it take to make my money back (if a rental)?
3. Is it a matter of personal taste or does it appeal to most
buyers?
4. Is this the best improvement I can make for the money?
5. Knowing that kitchens, bathrooms and closets sell homes, does it
fit within an improvement of one of these important categories?
Get "10 Quick Tips to Boost Your Wealth" at www.lindapjones.com