Remodeling Worth Your Effort for Reselling?
Remodeling can be one of the biggest challenges you have ever faced in your entire real estate-investing career. First, you buy the property. Then you need to plan if you are remodeling or not. If it turns out to be in bad shape, you need to remodel for selling the property later. Then comes the part where you need to plan on how to remodel it. You’ll need to choose what goes out and what stays in. And then the most difficult part is where you actually remodel the property. If you haven’t done any remodeling before, by now, you must have sworn that you are never going to do that. It seems like a lot of work, right? Yes, definitely, it’s a lot of work. But the question is “Is it worth it?” I mean, is the effort and your cost of remodeling worth it when at the end you are just going to sell the property? There is no definite answer. But what I can tell you is the fact that whether it is worth it or not depends on the property itself. If you can’t get yo...