All the rent incentives in the world do not change the fact somebody is going to have to make the unit their home. Well, would you want to live in a dingy place, even if the first months rent was free?
I have had great success with refinishing hardwood floors as opposed to putting that boring, brown carpet in the rental units. Who wants boring & brown? Prospective tenants walk into a unit that has shiny new hardwood floors and they flip. WHERE DO I SIGN??!!??
But, hardwood floors are expensive to refinish! Not really. Only about $400-$600 more than putting boring apartment grade carpet. But, the hardwood floors are ruined under the carpet! Not really. Most of the hardwood floors are fine. Even if there are a few blemishes, it looks better than boring & brown! But, tenants will ruin them! Not really. In fact…. Our hardwood floors hold up better! You don’t refinish hardwood floors everytime a tenant moves out. Then again, tenants don’t move out to boring & brown when they have beautiful hardwood floors! But, noise will transmit to the lower units. Probably slightly true. But, usually a loud tenant above will disturb a lower tenant whether there is carpet or hardwood floors!
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