After Renovation

We are occasionally asked what properties look like after renovation. On this page, you will see several examples of renovated interiors. Why do we renovate most properties:

• Meet the major "wants" of our target tenant pool.
• Remove any items that may increase maintenance costs while not generating additional rent. For example, we remove alarm panels, hot tub, water treatment system, intercoms, etc.
• Install materials that are attractive, durable, and cost-effective to maintain.
• Maximize rent and minimize time to rent.
• Encourage long tenant stays.
• Use colors and materials that are not trendy and will be attractive over time.
• Accomplish all of the above at a reasonable cost

Below are interior photos of renovated properties. Note that if there is already an attractive and serviceable item, we do not replace it. For example, in the photo below, you will see white kitchen appliances. Stainless steel is perceived as more desirable and of higher quality. However, replacing all the kitchen appliances is not cost-justified.

Market conditions also dictate what renovations we choose to do. For example, we will do fewer renovation items at peak demand times and more during lower demand times.

Photos

In each of the photos below, I listed the renovation elements we installed.

• The stone we use around the fireplace
• The two-tone paint we typically use
• The "dining room" hanging light fixture
• Typical granite counters, including the under-mount sink
• The gooseneck faucet
• Cabinets painted white
• The flooring in the photo is tile. We used this wood-grained tile a lot in the past. Today we use LVP because it has better wear characteristics.

• The ceiling fan we typically use
• The two-tone paint we typically use
• The 2" faux wood blinds
• Typical 20x20" tile floor and upgraded baseboards

Below are some of the components we install that were not apparent in the above photos. Cabinet pulls enhance the appearance of cabinets and reduces cabinet wear. Moreover, if we paint the cabinets, pulls are essential. Without pulls, the paint will become chipped and worn due to people touching the pint while opening and closing the cabinets.

Carpet - This is the carpet we use. This is a light commercial grade of carpet made of nylon and very durable.

The blinds - 2" faux wood. Only white blinds survive the heat.

Ceiling light - A two bulb flush mounted light with nickel trim.

Pendant light, typically used in a small foyer.

LVP Flooring - LVP Flooring - LVP flooring has many advantages over tile, including

• LVP is more durable than tile. For example, dropping a heavy object (like a pan) on the tile will damage it. LVP is very damage-resistant. LVP absorbs and dissipates the force from heavy objects.
• When installing LVP on the second floor, concrete board subflooring is unnecessary, which saves installation cost.
• LVP has a warmer feel to it.

Below is an example of the tan LVP we most commonly use.

Below is an example where we installed granite counters, under-mount sink, gooseneck faucet and stainless steel appliances.

We typically convert grass to rock to reduce maintenance cost. The water district has a rebate program where they will pay to have grass removed. Below is an example back yard where the grass was covered to rock.

I hope the photos on this page give you an idea of what post-renovated properties look like.