Hi
i recently purchased a 1 bedroom unit in mt eden, auckland. The bathroom is on its last legs and the kitchen etc is a bit dated and worn down.
The decision I have is wether to retain the tenant (around 5% yield) or renovate the bath and kitchen etc and get an estimated rent increase of $50+ a week. Also this is my first time renovated so am unsure around costs to do up bathrooms and kitchens?
thanks
i recently purchased a 1 bedroom unit in mt eden, auckland. The bathroom is on its last legs and the kitchen etc is a bit dated and worn down.
The decision I have is wether to retain the tenant (around 5% yield) or renovate the bath and kitchen etc and get an estimated rent increase of $50+ a week. Also this is my first time renovated so am unsure around costs to do up bathrooms and kitchens?
thanks
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