Hardwood Flooring - Rehab Recommendations for Long Term Stability
Hey BP,
I'm looking to close on a 3-plex (3 flat) in Chicago in the beginning of December and doing an FHA full 203k rehab of the property.
One of the items we are upgrading for long term buy and hold stability is the flooring since the area can demand higher quality rents. The house is outdated and currently has laminate so were tearing that out and we looking at either doing Oak or Pine flooring.
My General Contractor mentioned cutting costs on the project since we are doing all 3 units with hardwood and using Pine instead of Oak and then sealing it to make it stronger for long term durability.
Has anyone here gone with Pine versus Oak for flooring and had good long term stability with tenants wear and tear? I'm trying to see what the opportunity cost is to save on the flooring now versus potentially having to redo/reseal it every time tenants move out.
Any advice on proper sealing or Poly to ensure the Pine lasts through wear and tear so I don't have to re-seal it every time I have a new tenant move in? I understand it is a softer wood than Oak, but seeing if we can save on the rehab costs but open to recommendation from what other investors have run into with this.
Open to any other recommendations on procedure or wood to use for this situation.
Thanks!