Kitchen Renovation Budget for Rental

[Lyle Cooper]

I am renovating my NYC condo in preparation to rent it out. I want to make sure I’m not overspending or underspending on my kitchen reno. Here are the numbers: Expected monthly rent: $9,000 Kitchen Renovation breakdown: - Cabinets (Kraftmaid) for 9’ x 10’ kitchen with Island: $14,000 (Price does not include installation.) - Appliances: $6000 (GE, whirlpool, LG, Bosch, no viking) - Countertop Quartz for 60 sq ft; $4500 (Includes installation) - TOTAL : $24,500