We renovated our old house to rent. We should have sold.
Briefly

We renovated our old house to rent. We should have sold.
"The renovation project in Baltimore faced multiple challenges, including a divorce-related contractor issue and poor decision-making on cleaning methods that could have caused serious damage."
"Ambitions of building a rental property portfolio were overshadowed by the reality of extensive and costly renovations, leading to exceeding the original budget significantly."
"The author envisioned a portfolio that would support retirement, contrasting this dream against the harsh realities of the home renovation experience, which included disagreements and unexpected setbacks."
"Initially planned under $100,000, the renovation cost skyrocketed, illustrating the unpredictable nature of home improvement ventures."
Renovation of a Baltimore home intended for rental income faced numerous issues, including contractor challenges and unexpected costs. Initially budgeted under $100,000, expenses escalated significantly. The plan to create a portfolio for retirement income was complicated by renovation miscalculations and disagreements with a spouse. The project manager's poor decisions added to the difficulties, reflecting the unpredictability of home remodeling. Despite the intention to attract renters, the extensive renovations revealed a contrast between aspirations and reality.
Read at Business Insider
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