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Updated almost 7 years ago on . Most recent reply
Stainless Steal in C class building?
After a tenant was evicted in a C-class building in a C area of Cranston, RI I've decided to do a remodel of the unit to demand a higher rent. The former rent was 700. Among other small things, we are replacing carpet with vinyl floors in the living room, and may do it in the master as well, although we have heard some people tell us to put carpet in the master where others have told us not to. Anyway, with the renovation we are confident we are going to be able to get around 775-800 for rent. If we went stainless do you think we would be able to go much higher. The kitchen also doesn't have a dishwasher.
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Tenant aren't really expecting stainless steel appliances in a C class neighborhood. In my opinion, you wouldn't be able to demand more rent having them. There may be a lack of care given by C class tenants to the appliances, so there's some likeliness of scratches or dents on the stainless steel. Those imperfections are going to stand out much more so with stainless steel, negating the improvement of stainless. At least with white or black, you can paint small imperfections, increasing the life of the appliances.
Recently, I've started using VCT tile that is a vinyl plank flooring rather than vinyl. It looks similar to hardwoods, which appeals to many tenants. The product is very durable and individual pieces can be replaced as needed. I tend to put it bedrooms also as a tenant always has the option of putting an area rug over it if they prefer a warmer feel, whereas there's no alternative if there's carpet in the bedroom.