Renovations for tenant property.
I just purchased a property, a 20-year-old very traditional style house. I only have a $5,000 budget for renovations at the moment. Should I invest the money to improve the kitchen cabinets, replace the laminate counter top, and remove fluorescent lights to have better long lasting tenures?
Unfortunately, my budget is super tight at the moment. I am very concern if I leave the house as is, I wouldn't get the higher quality tenants.
Your professional advice is much needed!
Thank You so much!