MULTI-FAMILY KITCHEN RENOVATION

Keep up with your multi-family’s competition by renovating your kitchens! With thousands of Baby Boomers moving into apartments each day, and Millennials increasingly choosing apartments over single-family homes, new apartment buildings are popping up rapidly. If your multi-family investment is on the older side, you will likely lose out to these fresh and modern apartments. You can’t change the age of your building, but you can definitely shrink the gap in your competition. New flooring and paint throughout are great places to start. But to increase your ROI further, choose to renovate your rental property’s best investment, its kitchen.

‍KITCHEN RENOVATION

Improving your multi-family investment’s kitchens, which are usually the first rooms seen in an apartment, make for a big impact. Since these spaces are usually right off the entrance, they set the bar for the rest of the unit. An ‘Instagrammable’ kitchen will entice millennial tenants to stay through multiple lease cycles. And it will attract baby boomers to leave their single-family home lifestyles into their retired, leasing lifestyle. Kitchen apartment renovations will have your lease standing out from others on the market, and the sooner you can get it rented the more money you will save.

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RETURN ON INVESTMENT

Keeping up with your competition is great, but what you’re really after is ROI. Any return on upgrades is likely to vary widely from property to property. However, property owners claim that you can reasonably expect renovation dollars to generate rent increases from 10% to 30%. Therefore, renovated units = increased rent.

And as you know, the more a tenant pays for rent, the more likely they are to care for your property. This, in the long run, requires less upkeep and maintenance in the future.

So where to start with your apartment kitchen renovations? Here are the best kitchen investments to upgrade that make renters pay more, lease longer, and take better care.

UPGRADES

Updated cabinets

  • The most efficient way to improve the look of your unit’s kitchen.
  • At CRS, we use a refacing technique that can save you $1,000s.
  • A modern and functional option will completely change the look of your apartment kitchens.

Upgraded countertops

  • Cement, quartz, and granite are popular for higher-end apartments.
  • Always invest in functionality, durability, and a style that will last.

Increased storage space

  • Always a hot commodity and a big bonus for renters.
  • Additional storage can be added during your cabinets’ renovation.

Attractive backsplash

  • Create a whole new look and feel without spending a lot of money.
  • The right backsplash material and color can make your rental property look bigger and more open.

Modern finishes

  • Switching out outdated faucets and drawer pulls can create a modern look and feel.

Conveniently, our leading-edge, cabinet refacing service is an incredible option for investors who want to upgrade their property’s pre existing cabinets. Especially those who have strict budgets and not a lot of time. Our cabinet upgrades are focused on modern cabinet refacing rather than replacing the structure. This technique could save you thousands of dollars and weeks in your renovation’s schedule.

And we don’t stop at cabinet refacing – we have all that it takes to complete your entire apartment kitchen renovation. From cabinets to backsplash to countertops, we will deliver on top-notch quality and design.

Apartment kitchen remodeling may seem overwhelming, but our highly-trained and skilled team at CRS will make it a simple process. We will stick to your budget and work ethically and punctually to complete your project. We know the ins and outs of renovating and prioritize keeping your best interest in mind.

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