Renovations

Hi all,

Just curious what others think, as we know since renovations >20k (+ index) will need to have someone come and revalue the property.

So if this is the case shouldn’t you always aim to have >20k in renovations, either combining multiple smaller things or doing some bigger items but making sure it just barely crosses the threshold? Because you additional equity attributed to you / lower the gov %.

So far I’ve done a solar upgrade which costed me 21k and added 20k in equity. And I’ve been just thinking for future upgrades if this is the way to do it.