When rehabbing a house, especially for rental use, the costs can be daunting. Especially if it is a property you won’t even be residing in. You may be trying to find places to cut costs and alleviate the bill a little. In some cases, you may be able to lower costs by using materials from the cheaper end of the spectrum. In some cases, the cheaper materials may not even be that different from the brand-name. But, either way, there are some areas of a rehabbing project that you should never, ever skimp on.
The floor is one of the first things anybody sees in the home. It’s one of the most used items in the home. Using a cheap material can dampen the appearance of the house, minimizing any work you have put into the into the home prior. Cheaper materials also tend to damage easier—they show faster wear and tear, they come up easier, and they stain easier.
Not to mention, it can make daily life uncomfortable for any tenants you get down the road.
Kitchen Cabinets and Countertops
When it comes to the kitchen, it is one of the most utilized rooms in the home. For this reason, it’s not a good room to skimp on materials. Think about the daily wear and tear which kitchen cabinets undergo. They are in constant use. The same for the countertops. A countertop is everything from a meal prep area to a gathering space to a writing area. It has things dropped, spilled, sprayed, or shattered on top of it. Overall, a kitchen countertop takes a serious beating on a daily basis. Settling for a cheaper material on a countertop could result in cracks, chips, and other damages, while cheap kitchen cabinets could lead to broken hinges, snapped doors, and more.
Not to mention, it’s an eye-catching room—you want it to be visually appealing. In rental properties, the kitchen is the one of the biggest draws to the property, so try to avoid cutting expenses short here. It’ll pay off in the end, when you’re able to rent your property faster.
Similar to the kitchen, the bathroom is one area of the home that just about everyone sees, from guests to residents. It is an important feature of any property, as it usually starts and ends the day for the residents of the home and is an area in which they spend a lot of time. An eye-catching bathroom is an asset to any property.
It is important not to short-change yourself when it comes to the bathroom fixtures. These, like the kitchen, tend to see a lot of wear and tear and can break down easily over time. The cheaper the material, the more likely you will be replacing them frequently. These small features can also spice up a bathroom’s appeal easily, too.
When it comes to paint, it is definitely an investment worth putting money into. The paint, both inside and out, sees a lot of action. Splurging for a high-quality paint will require fewer coats upon installation, but will also allow you to refrain from having to frequently touchup high traffic areas. Not to mention, indulging in a higher quality paint will help with cleaning any stains or scuffs that may occur.
Rental property or not, nobody wants to fight with dirty, dingy, old appliances. In addition, nobody wants to deal with appliances which work poorly or continually break down. Having good quality appliances will limit the amount of time you spend handling any repair calls from tenants. Residents are also more likely to care for appliances which are newer and easier to maintain, as well, creating yet another benefit to keeping appliances fresh and up to date.
When rehabbing a property for rental purposes, it is important to keep in mind that one thing sells a property to a tenant more than anything else: quality of life. Fight the urge to cut corners on the things that affect daily life more than anything else—flooring, kitchen counters and cabinets, bathroom fixtures, paint, and appliances are all used on a regular, daily basis and can be the difference between a tenant’s stay being pleasurable or miserable.