Insurance will cover things like damage to carpet or walls caused by a sump pump failure.

We have done this in locations with solid wood stairs... painted the staircase and put down carpeted treads. 

All the updates have been done already, exception of carpet, paint and 2 toilets to replace before a renter would be placed.

My tenant is asking for their deposit back, yet I am replacing all carpet, lots of flooring, repainting and a stove.

Wondering in the KC real estate market if anybody has experience with returns on updates such as -Adding a Privacy fence backyard-Adding an additional bedroom-Adding a half bath-Finishing a basement with carpet and new walls and ceiling The home is currently a 3 bedroom, 2 bath SFH about 1300 sq ft. 

Renters are picky, and expect updated units, no nasty carpet, or dirty looking units, plus you will get a better quality tenant.

We fixed the major things (mold, replaced carpets and flooring, painted everything, fixed the sunroom etc.)

I also have very few properties with any carpet and eliminate carpet whenever possible.

The apartments are outdated with wood paneling walls, old appliances, old fixtures, and outdated carpet. 

We have full time employees we'd like to retask to SFHs that need more than paint and carpet, realizing some value add through our renovations and work.