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Kitchen and Bathrooms: These areas require a total overhaul—new cabinets, modern appliances, and complete cosmetic renovations will turn dated spaces into attractive amenities.
HVAC Systems: Old, ineffective heating and cooling systems are replaced to ensure tenant comfort and reduced maintenance costs in the future.
Value Addition and Long-Term Gains
What makes this investment strategy particularly appealing is the long-term value provided to the tenants. The objective is to create a livable, aesthetically pleasing space that tenants feel proud to call home, making them less likely to move. This not only ensures a steadier income for Cyrus but minimizes maintenance costs, making the investment more sustainable over time.