Re: Capital improvements compared to ROI

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Posted by DMcGehee.SF on June 02, 2009 at 20:32:22:

In Reply to: Capital improvements compared to ROI posted by Young Success LLC on May 05, 2009 at 15:06:48:

There is no secret equation and if you ask 10 people you'll get 15 answers.

First look at rent comparables and figure out where your property stands in relation to comparables. Note key differences that can potentially be improved (ie. kitchen, flooring etc) and estimate the cost associated with each improvement. If the cost associated with the rent differential is not adequate to meet your investment objectives then scratch the project.

D.

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