RIDGEWOOD LAKES $270,000
Beds 4 • Baths 2 • Year 2001 • Ref: N/A
MLS Property Description
The owner of the home next door but one to me on Ridgewood Lakes has decided he would like to sell.
Its 14 years old now and I had a conversation with him yesterday about what he will need to spend to
bring the home back up to the standard required to continue to generate the maximum rental return.
As he is no longer using the home himself due to the kids growing up and the fact he feels he has had
what he wanted out of the property over the 14 years he has owned, he has come to the conclusion now
is the right time for him to put it on the market.
It’s a very similar home to my own but whereas mine has had investment over the last few years this hasn’t.
I was last in the home in August and if I was buying this myself I would be changing the carpet, painting
inside and out including the pool deck, adding flat screen TVs throughout the house, upgrading some items
of furniture including a soft furnishing package to include curtains and bedding and also converting the
garage to a games room. It’s also likely to need a new pool heater in the not too distant future.
If you budget on spending between $15k and $20k upgrading the property you could end up with a really
nice home overlooking the golf course at Ridgewood Lakes for around $280k - $290k here