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Tag: home renovation

April 8, 2019By Paula Pant

#187: The Final Ask Paula: Real Estate Episode!

Sarah needs $36,000 per year in living expenses in order to reach FIRE (Financial Independence, Retire Early). She owns several rental properties, and she’s aggressively paying off the mortgages through the debt snowball method. How will she know when she’s ready to live on $3,000 per month in consistent rental income?

AyV wants to rent out his primary residence. What steps should he take to prepare the property for rent? Should he hire a contractor? What level of renovation should he give it?

And more!

Keep reading...

November 1, 2016Written By Paula Pant

The Cheapskate’s Guide to Kitchen Renovations (+ Rental Income Report)

Some people are addicted to booze; others gambling.

Me? Home renovation.

Three months ago, we finished a $13,000 remodel on Rental House #4. To celebrate, we told our contractor to demolish a kitchen in a different house.

Call it a victory lap.  🙂

We’re renovating House #2, and we’re coordinating everything — from demolition to final clean-up — […]

Keep reading...

October 30, 2012Written By Paula Pant

I’m Trying Something Insane: My $30,000 Experiment

You know that expression: “Whatever your renovation budget … double it?”

That happened a few months ago. I predicted that renovating one of my rental units would cost about $5,500 and would raise the rent by an extra $150 per month. I was waaayy off base.

In reality, the remodel cost $17,021 […]

Keep reading...

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