The value of making improvements on long-term rental properties

[Marc Peterman]

I have several questions in trying to understand when to update my rental and the metrics to use to compare and assess. 

Is it worth replacing the carpet with LVP or should I just replace the carpet on my long-term rental? Does LVP help increase the rent value for a 23-year-old home located in the Enterprise/Daleville, Alabama area? What are metrics that can help capture the value and return when comparing rental updates? 

What other updates usually bring more rental value to the home?

Thanks in advance for everyone's recommendations.

[Ron Brady]

When we BRRRR or items need updating, here is what we do:

. Replace carpets with LVP

. Update appliances with scratch and dent stainless steel appliances

. Fresh coat of paint

. Paint or replace oak cabinets in the kitchen

Best wishes to you