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Updated 3 months ago on . Most recent reply
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How nice should a rental's basement be?
I am wrapping up a lot of the rehab of my first rental property and I was wondering how a basement of a rental should look like?
It has a typical unfinished basement with a concrete floor and there shouldn't be any reason to go down there except to do your laundry.
I know this is a nuanced topic and it is probably market dependent but I can't find any pictures of rentals' basements on listing sites.
Any insight is welcome. Thank you!
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Quote from @Jonathan Greene:
Quote from @Alec Jacobs:
I am wrapping up a lot of the rehab of my first rental property and I was wondering how a basement of a rental should look like?
It has a typical unfinished basement with a concrete floor and there shouldn't be any reason to go down there except to do your laundry.
I know this is a nuanced topic and it is probably market dependent but I can't find any pictures of rentals' basements on listing sites.
Any insight is welcome. Thank you!
If all of the comparable properties don't have basement photos, they are probably the same or worse. If it's just a laundry room, it's really tenant's choice. Good storage. It doesn't sound like you need to do anything with it in your market.
Agree with Jonathan! Look at the comps in your market, having extra storage is a bonus so as long as it has working electrical I wouldn't spend much time or money on it other than making sure it's clean for showings.