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Updated almost 8 years ago on . Most recent reply
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Kitchen Countertops (Granite)
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I think I may be the odd man out here. On appliances I go stainless by frigidaire. Cost effective but plays nicely with my kitchen renovations (which we do ourselves). Again, I think it is specific to area- but when I can hit the sweet spot of just below the high end apartments, I am very happy. I don't feel as confident that I can do that with formica/ laminate and white appliances. With my appliance guy I am routinely at the same cost or below the white of the same model. Now these are not the stainless that you might have in your home, but everyone came through and commented on them.
Also, it is a small kitchen counter top wise so I wanted to make what I could of it.
I relied heavily on the input of my mentor and I am always paying attention to the market. So, much to my surprise when I spoke to him about flooring he said to get the cheapest laminate from HD... very surprise. I wound up getting Lakeshore Pecan at .71 a square foot (the cheapest)... Wouldn't you know everyone couldn't get over it! My other big splurge was for radiator covers.
Rent was increased by 64%. Rented quickly to young couple. I will break even on the complete renovation before the 2nd year is up.
Vs. the low end of my market:
The 2 that we are renovating right now I am confident I can get at least 50% and 42% return on. Additional the tenants will be drastically improved from those I inherited and removed. I will post pics of the kitchens when we get there.