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Jeff H.
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Rehab for a LTR buy and hold

Jeff H.
Posted Dec 30 2018, 14:04

Howdy BP community! I recently invested in a SFH in a great school district. My plan is to attract a family looking to benefit from that district for 5-7 years.

I've invested ~$10k in new appliances, scraping off popcorn ceiling, and light cosmetic updates to modernize the home. It's had HVAC and roof replaced in the past 2-3 years, and no foundation issues so I am not anticipating major CAPEX for the next 5-8 years.

What, if any, additional updates would you recommend to maximize rent / minimize future costs? I'm thinking:

1. Update cabinets (refinish/color)

2. Add Nest thermostats

3. Add rain gutters to divert water from foundation

4. Refresh kitchen countertops (currently bar height - decrease to counter height and replace with granite/quartz)

It's the cheapest house in the neighborhood ($139/sf ft vs $150 avg) but I don't want to price myself out of the neighborhood. 

What do you think? Ideally I'd keep the incremental investment to ~$2.5k unless there's a tangible and immediate ROI

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