So we all know neighborhood and bedroom count changes the amount of rent drastically, but what about he little things? The kitchen currently is very plain: oak cabinets, laminate counters, no backslash. I was considering getting nicer (stainless steel) appliances and maybe doing a back splash, but is there any "return" on that? Can you rent it for more? Do you get more applications? Just curious what your experience says.
@Wade Bartels , it really depends on your market. What do similar properties offer? Will those upgrades give you a competitive advantage that you can monetize?
That's my challenge. It's a pretty low-medium income neighborhood. Lots of older houses. This happens to be a 1962 house so it's newer for the area. It already somewhat stands out now, so I wonder if there is any value in making it even nicer. Right now I'm thinking maybe nicer appliances but no backslash, leave the countertops.