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Updated about 6 years ago on . Most recent reply

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Kareem Ghuneim
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Vinyl instead of carpet in 2nd floor

Kareem Ghuneim
Posted

Hey guys. I just took over a 16-unit apartment complex a few months ago, and rehab is going well. My plan for this property is to increase NOI so I can refinance over the next couple of years. So I am really trying to cut maintenance expenses.

We have a vacancy on the second floor that has some old carpet that needs to be tossed. Instead of replacing it with more carpet which could be costly during turnover, I am putting in some luxury vinyl planks instead. From what I understand, noise might be an issue, but my rationale was it would be more beneficial to save $ during turnover because of the vinyl instead of worrying about noise and carpet. Although, I am keeping the carpet in the upstairs bedrooms.

Thanks for taking the time reading and responding! What are your thoughts?

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