Kitchen Renovation / Rental Unit / Drop Ceiling???

[Benjamin E.]

Hi all,

So, I am renovating an older three bedroom unit that will be a rental. Refinishing hard wood floors, installing hardwood in one room that had carpet, new stainless steel appliances, venting out bathroom and kitchen range hood, all new paint, new light fixtures and door knobs, lots of plaster and patch work, new fixtures in bathroom, keeping tiles in bathroom and shower but doing a super heavy cleaning, refinishing existing bathtub, new glass windows (new glass not entirely new windows), nee tiles and grout for kitchen floor, sanding and painting cabinets (nice and white) in kitchen, keeping existing countertop in kitchen (not granite but clean and looks nice, installing dishwasher....I think that covers it...SO - here is the last piece of the puzzle...the kitchen has a drop ceiling. Question is, is it worth replacing and putting in drywall? Or, do I just replace the tiles with mew, white clean ones and call it a day? How much value does this add if I were to do it? Thinking it will run me about $1200-$1500 materials and labor included. Huge turnoff for renters, or not a huge deal and everything else done is plenty? This is a middle to middle/high end rent generating property. What value would an appraiser see in this? Any other options I am overlooking? 

All thoughts and experiences are appreciates. Will see if I can at least post a partial picture. Pic posted is pre renovation. You can see a bit of the ceiling. Thanks!