Renovations
Hi all,
Just curious what others think, as we know renovations >20k (+ index) will need to have someone come and revalue the property.
So if this is the case shouldn’t you always aim to have >20k in renovations, either combining multiple smaller things or doing some bigger items but making sure it just barely crosses the threshold? Because you get additional equity attributed to you / lower the gov %.
So far I’ve done a solar upgrade which costed me 21k and added 20k in equity. And I’ve been just thinking for future upgrades if this is the way to do it.