Hi SS
Wanted to get your thoughts on whether it is worthwhile renovating prior to selling. The situation I have is I have a good long term tenant in my IP.
Im hoping to sell it early next year to free up some equity that I need .. the place is a little run down, bathroom and kitchen could do with fix up, and definitely the balcony/verandah area at the front
I'm not sure how it all works with a tenant in , can the tenant stay or would I need to ask them to leave if i was doing a bath/kitchen/etc reno ? Or should I just sell it as is, rented IP .. it is on a large block of land so target market would probably be builders anyway who would want to eventually subdivide and build 2 houses in the longer term.
Thanks!
Wanted to get your thoughts on whether it is worthwhile renovating prior to selling. The situation I have is I have a good long term tenant in my IP.
Im hoping to sell it early next year to free up some equity that I need .. the place is a little run down, bathroom and kitchen could do with fix up, and definitely the balcony/verandah area at the front
I'm not sure how it all works with a tenant in , can the tenant stay or would I need to ask them to leave if i was doing a bath/kitchen/etc reno ? Or should I just sell it as is, rented IP .. it is on a large block of land so target market would probably be builders anyway who would want to eventually subdivide and build 2 houses in the longer term.
Thanks!