I don’t have a before photo, but it needed a lot of work. It was dated and worn out. This one bedroom unit had been rented for many years at $450.00 a month.
When the tenants moved out the owner had asked several people about potential rents and he was given numbers in the $525.00-$575.00 range when fixed up. The owner had also requested several bids to get it rehabbed, all of which came in high, requiring a several year payback period for the work: meaning that his option was also to keep the rent at $450.00 with minimal work and he would have done okay versus waiting 3 years for a return of this outlay to fix it up, assuming all goes well for 3 years.
The unit needed new floors, paint, shower, kitchen upgrade. I was called to advise on the remodel. I did. What the owner got was tasteful, durable and marketable upgrades that will mean a 12-18 month payback and rent at $650.00 per month.
The photo above shows the kitchen with was a disaster, one in which few people would cook willingly. Here is what was done.
- The counter-top and sink were replaced with a simple one from IKEA.
- The back splash was added in a mosaic tile. The tile cost $4.95 per square foot in the big box store. It adds lots of flair to the kitchen and it’s something that potential tenants always point out.
- The cabinets were painted in white with new silver handles.
- A new light adds lots of lighting to the space.
- The walls were painted a different color from the cabinets and the rest of the apartment to separte this space. It’s amazing what paint and color can do.
The bathroom surround was a disaster. Old tile that really dated the place. These were replaced with new while tiles that are modern and smooth, laid out in an interesting pattern. A small detail of glass tiles is a nice touch for an extra $20.00. One of the walls was painted a distinct blue color.
All these touches are simple and rather inexpensive to do. The all meant it was easier to show and easier to rent this apartment to a very desirable tenant. It was leased in 2 weeks.