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Upgrades and energy efficiency impact on rent
Hello everyone,
Would you please share any data you may have or any information based on your experience:
1. Do upgrades such as quartz countertops in the kitchen and bathrooms, stainless steel appliances command higher rent? If yes, by what percentage on average?
2. Would investing in energy efficient upgrades attract higher quality tenants and can those upgrades justify a higher rent? For example: energy efficient appliances, blow additional insulation in the attic, install a hybrid water heater. If the rent can be increased based on energy efficient features, what percentage of increase would be possible?
Thanks in advance.