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Updated over 7 years ago,
ROI of kitchen flooring
Hello, I've got a B+ property grossing 1200/month, and need to replace the kitchen floor. I plan on holding this property for many more years.
The rent is coming up for renewal, so I plan to increase it. Would appreciate any actuals or estimates that the BP community has experienced in terms of increasing the rent by $X to recover this flooring CapEx.
For example-
High end: Duraceramic could justify a $X increase in rent
Low end: basic vinyl could justify a $X increase in rent
These are purely for a numeric assessment. I will also be considering the reduced maintenance on my part from a more durable product.
Looking forward to any insight here. Thanks!
Cameron