Remodeling with an eye toward my own use (for the next 4-5 years) and rentability (in ~5 years?).
I have a studio condo that the previous owner lived in for 30+ years and never updated. I have many improvements that I'd like to make, but I also want to be mindful that my goal is to use this as a rental in about five years. A few things that I'd want to do for myself are:
- replace the bathtub with a shower
- replace the huge ugly bathroom counter with a nice standalone sink
- replace the old 60s fridge with one that fits below the counter - the kitchen is a tiny galley kitchen and counter space is miserably small.
I could also take the (money) plunge and completely redo the kitchen, adding another 8 square feet or so of counter top and all new appliances. That would take longer and require a lot more work and money. Is it better to grab a cheap fridge and maybe dishwasher now, or to save up and do the whole thing at once?
I read this question
about getting rid of the bathtub, but I think think that since this is a studio, I'm less likely to have a renter with older kid(s). Personally, I mostly hate baths and love showers. I'd be 100% fine with just a nice large tiled shower stall, but will this be a dealbreaker for a renter? I'd consider a Japanese soaking tub, but honestly it's something I wouldn't really use.
What about a small fridge? I've found some with a separate fridge and freezer, so they're not like the mini-fridge you had in college. I don't keep a lot of food in my fridge and clearly the place is not made for huge parties.
I'm thinking that my "hook" for this place will be that it's a streamlined minimalistic place for a busy single professional who doesn't cook much.
I converted the linen closet into a tool bench last weekend, so I am ready to take up tools and do as much as I can myself. I'm frugal and practical, but still want to live in a place that is efficient and fits my needs.