Value Difference in New Kitchen VS. Air Conditioning

[Joseph Schriever]

Hello All,

My duplex rental property is located in Buffalo, NY. The summers get muggy warm but very rarely does it reach temperatures of 90 or higher. I have been debating on what a tenant would value more between a new nice kitchen or central air conditioning.

The current kitchen is not bad and is perfectly functional but it could be much more appealing with a light to medium renovation/upgrade.

Price points between the two differ by about $2,000-$3,000 but I am trying to determine and prioritize for what a tenant would find more appealing and valuable which in return would allow me to hike rent up a higher percentage.

Thanks for all your help!!

Go Bills! :)

[Mark Gallagher]

@Joseph Schriever

My vote is neither. Sounds like the kitchen is fine and you don't need new air. 

$5000 on a kitchen.. $50+/rent a month = 100 months before you see positive benefits. Compounded with the fact that a tenant could trash a new kitchen. 

Get it occupied. If it ain't broke, don't fix it.