Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

Account Closed
  • Greenwich, CT
25
Votes |
21
Posts

Stainless Steal in C class building?

Account Closed
  • Greenwich, CT
Posted

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. 

Most Popular Reply

User Stats

51
Posts
49
Votes
Jason Boulay
  • Real Estate Agent
  • Cranston, RI
49
Votes |
51
Posts
Jason Boulay
  • Real Estate Agent
  • Cranston, RI
Replied

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.

Loading replies...