Granite Vs Laminate Countertops

[Shane Welch]

Granite or Formica Laminate?

This is a 180k 1975 Brick Style Duplex in Virginia.
The maximum I plan to rent out (after renovations) is $950 each side.

I would like to get Formica Laminate in granite style.  Which would cost me under $500 for both units. But my friend recommends just getting granite.

- Will granite have any affect on what I can price the rent at and would it even be worth the extra $2,000-3,000?
- Will granite raise the value of the home enough to pay-for-itself in equity?