I try to make small improvements to my Indianapolis rental properties each time a tenant moves out. Kitchens and baths are the two most important rooms, in my opinion … for the other rooms, if you have fresh paint and decent floor coverings (I suggest carpet for the bedrooms, for sure, and I usually put it in the living areas as well), it’s all good!
But the kitchen and bath need to be fresh, clean, and updated where possible. The cabinets in this duplex were very old, metal ones that had been painted. I’ve had the house for over ten years, and it was just time to get rid of them. The drawers weren’t shutting well any more, and were rusting out in places.
So I bit the bullet and had my handyman install these stock cabinets from Lowe’s, prefinished, and a stock counter top. The counter top is just formica, granite look-alike … so inexpensive, but durable and nice looking!
So, for under $1000, I have a new kitchen, which attracted a good-quality tenant who was excited about the update!
Of course, I won’t take the “good quality” assessment for granted … I’ll do apartment checks periodically, as we all should, to ensure our tenants are caring for the property and keeping it in good condition.
As I look to the new year, I hope to serve more people in need of reasonably-priced, clean housing. Establishing good relationships with tenants, taking care of the properties I manage … these are the keys to a successful 2015!
Happy New Year!