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Updated almost 10 years ago on . Most recent reply
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Opinions on keep or replace
Hello all. I am posting some pictures of a house in a nice middle class neighborhood where houses usually rent for around $1k a month. It is a little outdated so I need opions on if I should rent as is, or replace/cover the existing flooring and siks in the bath. The house was built in 1958. Here is the kitchen linoleum.
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What is it going to cost for the updates? Compare that to the difference between your rent rate as-is and your rent rate with updates. If you are not ahead after 60 months then don't do it.
I wouldn't assume that old finish materials will make a renter not value your house. I think the opposite is true, renters are grateful to have found a place in the area they want that is a little below market.
Another thought, old cabinetry and flooring is pretty bombproof. Lots of cheaper new materials are puff-board junk. You may upgrade yourself into a much shorter depreciation cycle.