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Updated almost 9 years ago on . Most recent reply

Luxury updates to your unit?
Hi everyone, I've been toying with the idea of putting some nice amenities in my rental units to increase rents and reduce vacancies. I recently did an overhaul in my kitchen in my primary and it was fairly cheap, I painted the cabinets white, got a nice laminate countertop (granite lookalike) and just installed a glass mosiac tile, all in I am $650, and it looks amazing. I think this would go over very well with tenants in the area as almost every rental I see being advertised, the LL uses bland materials in the kitchen and baths, I would think I could do each unit in upgrades for around $1500 ( doing bathrooms in upgrades as well) and get $700 instead of $600. I've asked a couple of prospective tenants on facebook if they liked upgrades and if they'd pay extra for them and they said yes that it would be worth it to have a nice rental instead of something plain. I would think that this would reduce vacancies as well, thoughts? All answers are appreciated.