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Showing results for tags 'apartment investment upgrade'.
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I'm thinking of buying an older apartment (15yo development). I would like to upgrade the interior (new tiled floor, new kitchen, new bathroom) so it meets my standards to live in. It's not falling apart at the moment, just not 100% cutting edge style, and I'm fussy But I also want it to be a relatively worthwhile investment (ie. not completely wasted in terms of how much it bumps up the value of the apartment). With a house, the upgrades above would give you a decent return on investment (in terms of increasing the value of the property), assuming you don't go overboard and install for example, a really expensive kitchen in a small, cheap house in a so-so area. Does doing the above with an apartment will give the same payoff as it would with a house? Or is the potential asking price for apartments a lot more constrained by the development the apartment is in, compared to a house?