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[Closed] Doing up a flat to let - how far do I go?

tjagain · 2018-03-29T21:13:44Z

I am looking for some opinions on this We have a lovely little studio flat we let out. Great location. I have put a fairly high spec bathroom in last year ( cost £3000) and am now doing the kitchen and bedroom. Its a studio flat so a sitting room / kitchen with a separate bedroom and its a nice big room - 8.4 m by 3.7m with sloping ceilings and a polished wood floor. Kitchen will be about 1/3 of the room with a breakfast bar to divide the kitchen from the sitting bit with room for 4 stools White units? Black sparkly worktop? Stainless splashbacks? stainless appliances? Tall fridge freezer? the fridge will be easily seen. Is it worth putting in a gas fake log burner? ( will cost around 1500 to do - easy installation.) Worth wall mounting a nice telly? Or leave that for the tenants to put their own in? Worth putting cable in? New central heating is going in as well. I have £15000 to spend ( but would like to spend less) and the rent will be going up by £250 a month or so, so 5 years give or take to pay back the cost of this round of renovations plus a few months with no rent while I do it. all costs do not include thousands of pounds worth of my time It will then be right at the top off the local market in terms of spec but still well below market rent at around £750 a month. Rents are stupid in Edinburgh thoughts?

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binners

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Posted : 30/03/2018 3:55 pm

tjagain

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Topic starter

My idol Binners - thats what I aspire to be

Posted : 30/03/2018 3:59 pm

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