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Updated about 6 years ago on . Most recent reply

User Stats

68
Posts
17
Votes
Brendan M.
  • Rental Property Investor
  • Chicago, IL
17
Votes |
68
Posts

Advice Needed ~ Updates to rental unit

Brendan M.
  • Rental Property Investor
  • Chicago, IL
Posted

Hi guys, 

I'm looking for some advice here on renovating a rental unit. I'm planning on closing on my second property in Chicago in January and wanted to get some advice on the most cost efficient way to update this rental unit. I've attached pictures to give you a better sense of things. 

My initial thought is to do the following, but please let me know what you guys think. These are rough estimates. 

New Paint  - $2500

Kitchen cabinets repainted - $1500

Kitchen Countertops redone (granite) - $2000

Kitchen Island instead of current setup - 1500

Kitchen floor redone (allure) - $1000

New bathroom vanities - $500

Do you guys have any advice or would you do things differently? Here are attached pictures. 

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