Seeking Advice on Kitchen Remodeling for Rental Property

Memphis, Tennessee
Contractors
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Seeking Advice on Kitchen Remodeling for Rental Property

Account Closed
Member since 2022 · 28 posts · 10 votes

Hello BiggerPockets Community,

I hope this finds you well! I’m currently considering remodeling the kitchen in my rental property, which is quite outdated. The kitchen is small, measuring just 8x10, and I’ve received a quote for the remodel that totals around $40K.

I’m feeling like this quote is on the higher side, especially since it’s a rental property and not the forever home I plan to live in myself. I want to improve the space to attract tenants and increase rental value, but I’m also looking for ways to keep the costs reasonable.

I would love to hear your experiences and advice regarding:

1. **Budgeting for a Small Kitchen Remodel**: What are some cost-effective strategies you’ve used?

3. **Must-Have Upgrades**: What renovations do you believe bring the best return on investment for rental properties?

4. **Where to Splurge or Save**: Are there specific areas in a kitchen remodel where it’s worth spending more, and others where you can cut back?

Any insights or personal experiences you can share would be greatly appreciated! Thank you in advance for your help!

Best, 

Philip  

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  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    1y

    @Account Closed Was the quote just for the kitchen or the entire property? Do you have unlevel flooring or structure issues? If it's just the kitchen that's insane. That's the "we don't want your business" price. We're busy. 

    I'd research what rental grade renovations look like. It's most where you choose to buy cabinets, like the big box stores. They're generally cheaper but great for rentals. Install 100% water proof flooring where you can, and countertops that match the neighborhood (your rental competition). Tile backsplash may not be necessary but from our experience it really boosts the appeal of the property. It's inexpensive and any contractor can install it. 

    The must have renovations are ones you can't see. Make sure you're electrical panel has been professionally gone through. Replace your outlets, GFCI's in wet areas, and make the unit safe. I'd also check all the plumbing under the sinks and bathrooms. Future proofing is expensive but the savings on the back end are insane. You're trying to limit calls and costly repairs. 

    Paint the interior and paint the ceiling flat white. People cheap out on paint and it really shows in listing photos. You're setting an expectation for the property. You want the best tenants in the given neighborhood. Make it clear and weed out people naturally.

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  • Account Closed
    OP
    Member since 2022 · 28 posts · 10 votes
    1y

    @Jaron Walling 

    Thank you for your insights!

    The quote I received was just for the kitchen, which is why I was taken aback by the amount. It feels excessive for such a small space. As for the condition of the property, there are no significant structural issues or unlevel flooring, thankfully. We are planning to demo the entire kitchen, remove the existing stackable washer/dryer to another location, and add a dishwasher. 

    I appreciate your suggestions on rental-grade renovations. I’ll definitely look into cabinets from big box stores, as they can be much more budget-friendly. Waterproof flooring sounds like a smart investment, and I agree that matching countertops to the neighborhood is key. I hadn’t considered how impactful a tile backsplash could be, so I’ll keep that in mind as well.

    Your point about addressing the unseen renovations is particularly valuable. I’ll ensure that the electrical panel and plumbing are checked thoroughly to avoid any future issues.

    I also completely agree about the importance of paint. I’ll prioritize that in the overall budget, especially for the ceiling. Setting the right expectation is crucial to attract quality tenants.

    Thanks again for your advice! I’m feeling more informed about how to approach this remodel.

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