I just finished a kitchen rehab that involved removing a load baring wall, new cabinets at 10k, tile floor, reconfigured plumbing/electric and all new appliances for just under 30K.

If you could push rents $150/m, with a $175k rehab ($10,937/unit), a little over $1,500 more/unit for either new LVT floors/paint cabinets/new counter top/new appliance package, etc,  you would be able to push the ROI to 16.45%, an additional $28,800 in revenue/yr.

My question is: if we redeem our personal credit card points for Lowe’s / home dept gift cards to go towards supplies/materials/cabinets etc, can we deduct that as an expense even though we used a gift card vs a credit card or cash?

We also do tile and cabinets. if this sounds like anyone would be interested in give me call so we can discuss.

I did pretty much all the work myself and did kitchen cabinets repainting and added finishes, added subway tiles to the front wall and back splash, added laminate through out the house, painted, and fixed up the yard and cleaned the privacy fence and painted the outside trim of the house and so on.

This resulted in having to replace the cabinet.

.- Sheetrock to repair some holes in the wall ($800)- Some decent new flooring (2100 square feet of wood laminate flooring installed, $5.50 per square foot = $11,500 total)- Appliances — washer, dryer, refrigerator, stove, dishwasher, water heaters, and microwave for each unit ($11,900 total)- Washer and Dryer ($1500 per unit, $3,000 total)- Refrigerator ($1300 per unit, $2,600 total)- Stove ($750 per unit, $1,500 total)- Dishwasher ($500 per unit, $1,000 total)- Water Heat ($1000 per unit, $2,000 total)- Microwave ($300 per unit, $600 total)- New kitchen cabinets and counter tops in both units ($4000 per unit, $8,000 total)- Framing of closet space for washer dryer plus shelves and door ($2,000 per unit, $4,000 total)- Bathroom remodel in both units ($9,900 total) - 2-sink cabinet / vanity ($800 per unit, $1,600 total) - 2 sinks ($400 per unit, $800 total) - Countertops ($400 per unit, $800 total) - Mirrors / Medicine Cabinets ($500 per unit, $1,000 total) - Framing and installation of small linens closet plus door ($800 per unit, $1,600 total) - New toilets ($200 per unit, $400 total) - New tubs ($1200 per unit, $2400 total) - Lighting and Fixtures ($650 per unit, $1300 total)- Exterior landscaping, some patching of the yard, trimming of trees, and a few beds out front ($2,000)- New interior doors ($900 per unit, $1,800 total)- New exterior doors ($800 per door, $1,600 total)- New mailboxes and house numbers ($500 per unit, $1,000 total)- Exterior painting (minimal with brick construction) ($1,000 total)- Interior patining ($3,000 per unit, $6,000 total)- New exterior shutters ($300 per unit, $600 total)- Interior window treatments ($300 per window, $3,000 total)On the rent side, there are few rents in the area at $1250.

This may not be obscure knowledge, but it blew my mind when a kitchen retailer gave me this tip yesterday: When rehabbing a kitchen, don't replace the cabinet boxes unless they are in bad shape (or you're using a natural wood finish that you won't be able to color match).

I also provide picnic table which is much appreciated by the tenants and cost $150.Privacy fences are good too.Inside again it depending on the condition, fresh paint, new light fitting, granite top banchtop @ $600 and paint the kitchen cabinets adds great value.

From what i understand it will need a full gut, new electrical, new plumbing to replace copper pipes missing, new drywall since electrical and plumbing needs replaced, along with probably new flooring throughout, paint, kitchen cabinets, bathroom vanity and tile...