How much to install a rental kitchen?
Hello. My husband and I are moving towards purchasing a two family home, which is currently being used as a one-family. We would like to use it as a two family, but we would need to add a kitchen to the rental unit. The current space has plumbing and gas hook-ups as well as built…
Hello. My husband and I are moving towards purchasing a two family home, which is currently being used as a one-family. We would like to use it as a two family, but we would need to add a kitchen to the rental unit. The current space has plumbing and gas hook-ups as well as built in cabinetry that we think is usable. The floors are in good shape. It lacks a stove, refrigerator, sink, and probably needs some counter space next to the sink. It also needs to be painted. We are trying to get an estimate of how much it would cost to finish out the kitchen with as much DIY as possible. How much did you spend on your rental kitchens? Is it possible to do this work for less than $10,000? Less than $6,000? Thanks for your input.
http://www.centurykitchens.com/intro.htm
I am willing to provide you with my Employee Discount 35% off any interest?
An apartment nicely renovated with a dishwasher (and a W/D, though there isn’t the room for them in many brownstone apartment) would attract more in rent over the years than you would ever pay to maintain the appliances…those who say “don’t install them” are what’s called penny-wise and pound-foolish…
Tinarina:
“regardless of income there are folks who put a higher priority on their living space, want amenities, and tend to take good care of things. Those are the tenants I want.”
We all want things – doesn’t mean we get them. Show me someone who wants bad tenants.
Also, be careful about offering amenities “regardless of income”.
Let me give you a scenario: You have a rental untit available with a dishwasher and a washer/dryer. You have to charge more rent to cover more water, electric and gas. You just excluded renters with less income. How, you ask. If someone is broke for the month, laundry can be handwashed and a DW IS a luxury. However, if the DW and W/D come with the apt., they are being paid for whether or not they are being used. That, is a budget-breaker.
Yes, people do put a high priority on their living space BUT they have to be able to first afford it.
Sandy
Thanks 1:35.
Ysabelle, regardless of income there are folks who put a higher priority on their living space, want amenities, and tend to take good care of things. Those are the tenants I want.
ahhh ysabelle…you’re always good for a laugh.
“mensch=german noun, look it up” are you kidding? you’re in nyc do you thing people dont know what mensch means?
i believe when tinarina was saying “I think folks who do down-and-dirty no-frills rentals attract tenants of the same persuasion.” it means if a tenant knows that you dont take care of a place why should they? it’s more than just “You want the tenant to pay on time and not bounce checks” i want to to take care of the place and not destroy it! maybe you’re ok with it…
To tinarina
Just because someone has more money, does not make them a better human being.
It means they have more and that is it.
You want the tenant to pay on time and not bounce checks,
The perfect tenant would be a mensch. (mensch=german noun, look it up)
Well-bred people always pay on time.
It is the noueau riche that’s a pain in th ass!
Our (totally renovated) rental has a dishwasher AND a washer-dryer–two factors that enabled us to charge a very good rent AND attract very nice tenants.
Nothing has broken yet, but yeah, things happen–so you fix it.
I think folks who do down-and-dirty no-frills rentals attract tenants of the same persuasion.
To OP.
Pay attention to Sandy, she is right!
Whatever happens in your rental is your responsability.
It could cost you more money than you think.
The more mechanics you have, the more they break.
I’ve done this. You don’t have to hire someone to hook up the stove and sink. When you buy your stove, pay for the installation also. When your stove get delivered, your new one will be hooked up and the old one discarded. I got my appliances from PCRichard and they delivered the next day, installed the new and discarded the old. Also, hooking up the plumbing to a sink that is already placed isn’t hard. If you must buy some cabinets, Lowes and Home Depot have nice stock cabinets that with some cool hardware would look nice. Doing it yourself, you can definitely spend less than $6000.
I also WOULD NOT buy a dishwasher for a tenant for a few reasons:
1. Whatever you put in the apartment has to be maintained – you put in a dishwasher, whatever goes wrong with it (even, stupidity) is your problem to fix.
2. Since a dishwasher only saves water when it is run full, how do you intend to make sure your tenants don’t run it every night to wash 2 pots, a plate, glass and 4 four utensils? You can’t. There’s a reason most tenants don’t get dishwashers or individual washing/dryers.
3. Since you didn’t mention the condition of the interior plumbing (inside the walls), you might want to check that before adding a dishwasher. The fastest way people get into trouble is instead of just replacing the appliances, they add new ones without properly updating the plumbing and electric. ‘something to think about.
Sandy