Should I redo a kitchen floor or save the money

[Nicholas Weckstein]

Hey everyone, trying to get some input here. Kind of a long story but I’ll try to give the short of it. I bought and had delivered a new refrigerator from Lowe’s for one of my rentalstHATS Currently occupied. Lowe’s delivery team scratched the floor in the kitchen when bringing it in. So Lowe’s went through they’re insurance claim. I submitted my quote to redo the floor bc I explained to them I can’t just take up one piece due to the floor being older and a new piece wouldn’t match color wise. So I got them to pay me out for a total new floor plus labor ! ill be doing it myself My first intention was to do just do the floor. But I did think hey, maybe I can and should just pocket this money and leave it in my reserves. It’s literally a 9 inch scratch. The tenant isn’t complaining. One part of me wants to make it nice and new bc I like to have pride in my properties. Any suggestions on which way to go ? Ps going to upgrade to a better flooring if i go that route

[Jerimy Justice]

I actually got in to a disagreement about this with my mentor recently. He did not want me to renovate the kitchen or any of the floors in the house. But my thing was I got such a great deal on the house and I knew that Renters would pay a premium. He thought that I'd only be able to rent the place out for $1000 a month and because of putting in the new wood looking tile floors I'm getting an additional $400 a month. I was able to get the floors done at an hourly rate.. it worked out to be like $2.15 a sqft. Also, if I decide to sell it in a year or so its going to demand $$$$$$ Do what you think is right for your situation! Good luck my friend!