Pre Reno Rent: $1,893.36
Post Reno Rent: $3,500.00
Rental Value Increase: 84%
Project Cost: $246,400.00
Return On Investment: 7.82%
Pre Reno Rent: $1,893.36
Post Reno Rent: $3,500.00
Rental Value Increase: 84%
Project Cost: $246,400.00
Return On Investment: 7.82%
The ball got rolling on this project when the main floor tenants advised that they were expecting a child and needed a different space for their growing family. They only had use of the main floor and our goal with this project was to combine the unused basement with the main floor. LandLord Renovations and the owner discussed an extensive scope of work, and, as with the Upper Unit that was renovated in 2015/2016, the floor plan and overall space were significantly changed. Our design team drafted up drawings and submissions for permits to the city.
Included in the renovation was the addition of an extra gas meter to help the client save on future utility billing. A high-velocity heating system installed to take care of HVAC needs for the unit while keeping existing furnace for the upper unit.