Should I avoid making a loss for improvements

I'm about to rent my house out as it's not selling and not worth my money to sell to fussy first home buyers.

It does need work done to it about 35K overall but nothing problematic.

Should I make a profit for the first few years and slowly start making improvements, break even, or make a loss and get stuff done early.

 

I was trying to hit the right price as I want to move interstate.

 

I think it really depends on the issues- e.g. rotten deck needs to be done now, tired but functional old kitchen, no rush.

You're going to get the best tenants at the best rent by offering the property at its best, but I suppose you would've already spent the $35k to sell it if you were willing to throw that all in upfront? Totally understandable if that's not the ideal option for you.

If you're asking about tax implications, you might be better off asking in another area of the forum.

 

Anything related to wood rot or leaks and damp issues should absolutely be done immediately to avoid escalation into very expensive issues.

 

Have you considered reducing the price by $30K-$35K to see if you can sell now?

 

I already had an offer on it, but they pulled out at the last minute

No way I'm selling that low, or I just rent it out for 340 pw with a 200k mortgage.

 

Moving interstate, temporarily for work or permanently ?
How long has it been a PPOR ?
What are the issues ?

If you choose to rent it out is it currently safe to do so ?
In its current state of disrepair what sort of tenant do you think you will attract ?

This story is starting to sound like you have a price in mind that the market can't see any value in .....