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Luka Jozic
  • New to Real Estate
78
Votes |
123
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Help with getting property rent ready

Luka Jozic
  • New to Real Estate
Posted

Im in the process of getting my property rent ready in Garfield Heights, its a 1200 sqft 3x1 single family home that is a buy and hold. Floors are ok so apart from minor fixes and some updates in the bathroom, the whole place will be painted on the inside. Now my PM suggested that I updated the kitchen, something that I wasn't planning on and did not include when running the numbers before purchase. The quote that I have is as follows:
- Provide and install average grade kitchen base cabinets: $2225

- Provide and install average grade kitchen wall cabinets: $850

- Provide and install laminate countertop, post grade 25" deep, 4" splash: $500

Now I personally think the cabinets look fine and that cleaning would suffice. I was thinking if anything I could do only countertops and back splash for $500 and not do cabinets. I am not sure quite how much difference in rental price cabinets would do but my PM provided some comps where the cheaper ones have old kitchens, and the remaining 5 have updated kitchens. Here are the comps!


Pictures of kitchen currently:

https://portfolio.zinspector.c...
https://portfolio.zinspector.c...

https://portfolio.zinspector.c...

https://portfolio.zinspector.c...

What do you guys think? Thanks.

Most Popular Reply

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9,861
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5,566
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Eliott Elias
  • Investor
  • Austin, TX
5,566
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Eliott Elias
  • Investor
  • Austin, TX
Replied

All you want to do is bring it up to the standard your competition has it at. No more no less 

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