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Updated about 3 years ago on . Most recent reply
Best Upgrades to add value to a commercial building?
Hey BP Family,
I’m very interested in a 7 unit building with 1br 1br for each. 5 of the 7 units are below the average rent market. I want to add as much value to them INSIDE as well as outside… cosmetic and common area changes so I can raise the rents. In regards to inside, what are the BEST materials to use that are tenant friendly and not too expensive. These are units going in the sub $800 a door range. So I do not need ultra luxury, just something that works.
Thanks for any help!
Most Popular Reply
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Best thing to do is look at comps and stick along those lines. If you're getting into flooring, I see LVP as the best bank for your buck. Durable, looks great, and it isn't too too pricey. Overall though there is no one size fits all answer. The local market is the best gauge.