Cosmetic Renovation Investment Strategy
The cosmetic renovation strategy is a common amongst investors. This means doing renovations that are visual in nature, and are like makeup for your property. This strategy involves purchasing properties below fair market value, performing simple cosmetic renovations, refinancing the property (to take out as much of what has been invested), and then holding the property for long-term cash flow and appreciation. The key to the renovations is not getting into the “guts” such