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Updated 10 months ago on . Most recent reply

User Stats

1,034
Posts
755
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Justin Goodin
  • Investor
  • Indianapolis, IN
755
Votes |
1,034
Posts

I spent $33,836 renovating this apartment unit.

Justin Goodin
  • Investor
  • Indianapolis, IN
Posted

I spent $33,836 renovating this unit.

Here's the breakdown:

-Quartz Countertops: $3,500
-Heat Pump System: $5,500
-SS Appliances: $1,773
-LVP 20 MIL Flooring: $4,406
-White Shaker Cabinets: $4,000
-Washer & Dyer: $400
-Bathroom accessories, ceiling fans, black matte fixtures, toilets, light fixtures, faucets, etc. : $2,347
-Paint, all new doors, plumbing fixtures, drywall work, garbage disposal, carpet, bathtub: $3,934
-Labor: $7,976

The previous owner did not do any updates to this unit for the last 25 years!

My goal here was to replace all major components and renovate to a premium level finish in order to charge market rent.

By installing high quality finishes, I am setting this property up to be a low maintenance long term hold 📈

What kind of renovation costs are you currently spending on your properties?

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