Thanks to everyone contributing to this forum. The advice, tips and discussions have been useful for me. And I have finally purchased my first IP in BNE! The IP is a lowset house, about 20yrs old, currently rents for $300/-. The kitchen is looking dated and also needs new oven/cooktop (currently freestanding). So planning to take the oppurtunity to update.
Would appreciate advice re RENOVATE or REPLACE . The difference in the quotes is approx ~$1600/-.
Reno - replace cabinet doors, drawer fronts & metal rollers, hinges and bench top to granite transformation. The basic structure is preserved. Current structure apparent still good.
Replace - brand new laminate kitchen with "scratch resistent" granite look-a-like top (actually looks very good). Also has advantage of adding a new breakfast bar in a wall void currently present (price included).
Both are quite feasible as tenant happy for a $100/- rent decrease for period of reno (2days vs 5 days, but will still reduce 1 weeks rent), although the latter would be more messy.
Would it be better to have new kitchen in longer term? Or would it be better to save the $1600 and extra tiem and go with the reno? Would granite vs new laminate make any difference in rent? Any feedback appreciated.
Thanks again. Cheers.
Would appreciate advice re RENOVATE or REPLACE . The difference in the quotes is approx ~$1600/-.
Reno - replace cabinet doors, drawer fronts & metal rollers, hinges and bench top to granite transformation. The basic structure is preserved. Current structure apparent still good.
Replace - brand new laminate kitchen with "scratch resistent" granite look-a-like top (actually looks very good). Also has advantage of adding a new breakfast bar in a wall void currently present (price included).
Both are quite feasible as tenant happy for a $100/- rent decrease for period of reno (2days vs 5 days, but will still reduce 1 weeks rent), although the latter would be more messy.
Would it be better to have new kitchen in longer term? Or would it be better to save the $1600 and extra tiem and go with the reno? Would granite vs new laminate make any difference in rent? Any feedback appreciated.
Thanks again. Cheers.