I spent about a week and a half fixing up this Williamsburg railroad apartment while it was still vacant. This was a fun project, and a perfect example of how a rental apartment can be significantly upgraded with elbow grease and not too much money.
It really is no different from what many people do when they buy a place: find the cheapest place in the nicest location possible, and fix it up themselves. In that case they are building “sweat equity” by increasing the value of their home, and of course increasing their enjoyment of the place as well.
With a rental, you aren’t building equity, but you’ll feel pretty good every month when you write that rent check, knowing what a nice place you have for the money.
Photo: The front room.
Up next: The number one weapon in my arsenal. :)
