Quote:
Originally Posted by RawAlex
However, does that 8K investment improve the value of the house? if you did the work and then sold the house, would you get more money for the house as a result?
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Key question right there.
Also, I'd advise you to look for programs that offer grants and discounts on this type of home improvement project. I know here in Manitoba right now there are several going on. I'm just about ready to start calling contractors for my rental house... will be at least a $20k project but will improve it greatly. Similar houses on that street sold for well over $200k recently, and since I only paid $68K for that house originally I should easily be able to recoup the cost and then some... that is if I ever sell. It's valuable revenue property.