Renovate A Rental Property And Gain Big With Higher Rental Rates And Property Values yctinfo.blogspot.com A home is so much more than a roof over our heads. It is a big purchase and almost always a significant portion of our assets at retirement. When it comes to buying and improving rental property, it’s important to think beyond cosmetic appeal and look at how investment improvement projects can add wealth. When improving a rental property, small changes can help to increase monthly rental rates. Long Term Investment? We may think of a rental as a long-term purchase, but in fact a great deal of people will own a property for rent for just 5-7 years. So look very closely at the money you spend. Look for projects that will add the most perceived value to your rental for the least cost. Decision-making should be guided by the big picture – a financial plan that includes retirement goals, acceptable debt levels, and tax planning. Upgrades & Improvements So...