i've just purchased an investment property in Brisbane, that i plan to live in one day (in the not too distant future).
I've recently given it to a REA to manage & find tenants for, however they've pointed out several renovations which are NEEDED such as new carpet/ blinds/ cook top - which is working, but looks unappealing/ rusty.
My question is, because i plan to live there & intend on doing PROPER renovations that will suit my family, IS IT WORTH me doing these 'halfasssed' renovations that are costly now? eg carpet replaced now - even tho i plan on tiling in the future etc etc?
Or should i insist on renting it out now, as it is?
I've recently given it to a REA to manage & find tenants for, however they've pointed out several renovations which are NEEDED such as new carpet/ blinds/ cook top - which is working, but looks unappealing/ rusty.
My question is, because i plan to live there & intend on doing PROPER renovations that will suit my family, IS IT WORTH me doing these 'halfasssed' renovations that are costly now? eg carpet replaced now - even tho i plan on tiling in the future etc etc?
Or should i insist on renting it out now, as it is?