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Updated almost 2 years ago,

User Stats

130
Posts
36
Votes
Chris G.
36
Votes |
130
Posts

Best Upgrades/ Rennovations to Increase Rent?

Chris G.
Posted

We have a few condos in a complex that are older style units (20-30 years old), the rent varies in the complex we see some people remodeling the entire inside of 2b2b and getting $1600-1800 in rent while others that haven't made really any renovations or upgrades are renting for around $1-1.2k for 2b2b. The particular units we have don't have much remodeling or additions from the original inside. Still includes carpet in some areas, older wooden cabinets in kitchen, older appliances, bathrooms have older vanity's and countertops. What would be the best new additions to add after the tenant leaves to increase the rent? I was thinking replace the carpet or even parts of the tile with laminate/ vinyl flooring, possibly upgrading some of the old kitchen appliances, and maybe modernize the bathroom or kitchen cabinets/ countertops. Any ideas on upgrades to make the unit more modern and less old/ cheap looking to help increase the rent. 

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