I'm looking at an 8-plex that is extremely out of date. Going to be re-freshing all the units if I buy it.
I know it varies by market, but what apartment upgrades have given you a solid ROI? TIA
If you are in a decent location:
- wood or vinyl plank floors
- granite countertops
- 2 tone paint
- washer/dryer hookups
I get the granite done for about 650-900 dollars for kitchen and bath. I install vinyl plank because water does not harm it. It is $1.5 per foot and we install it ourselves. Not cheap.
Thanks @Steve Olafson ! By chance, do you have any before and after pictures?
I wasted half an hour trying to upload a picture.
Thanks for our effort. Feel free to email me at [email protected]
Adding a half bath under stairs is always a good idea. Good lighting will get better prices and move your units faster.
Nice outdoor space can be super cheap and attract more dollars.
I just bought my first multifamily property, so I am by no means an expert. But, I would say that for a solid ROI, you're gonna want to make sure the units themselves are solid. I'm talking about rehabbing them to be durable so they last a long time without needing repair. Do a search on this site for "tenant proofing" or something similar and read about it.
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