When you're dealing with investment property, adding value
can be a balancing act. One that
requires a lot of fine tuning, especially because you have overhead and
expenses to consider such as property taxes, hiring a Michigan property
manager, landscaping, maintenance and updates, marketing and more.
There's a lot you can do to improve the value
of your property to command more rent or attract a better sale price, but it's
also about making the numbers work.
Invest too much and you can push the value beyond the local limits -
effectively making the house unattainable.
While homes typically appreciate over time for a variety of
reasons, you can also directly control the value on rental properties by
putting work into the home. Even