Hi Property Investors,
I’ve recently completed a home renovation for my first investment property and I put in a dishwasher which was second hand. Now, I tested it the other day and it leaks out water but looks like it can be fixed quite easily (seals).
My question is,
1) Do I fix it up and leave it there as a rental feature to attract more rent $?
2) Remove it and let the tennants install their own so I don’t have the headache of replacing/fixing/leaking etc throughout the tenancy?What are the pros and cons that experienced investors have with these sorts of things?
Cheers
DesHey Des
Personally I’d take it out – one less thing to worry about.
Unless it’s going to make/break a deal when it comes to securing a tenant.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Do the other properties comparable to yours in the area have dishwashers? May not get more rent but may give your place a slight advantage above others. So making it more rentable. What’s the rental market like in your area?
*touch wood* I have or have put dishwashers in all my rentals and haven’t had an issue. I can’t imagine a tenant BYO dishwasher but I’m sure it’s been done before!
If it doesn’t cost much to fix the existing one I would fix it and leave it there. Downside is if it does pack it in you have to fix / replace it again as the property was tenanted on the basis of having a functioning dishwasher.
Kinnon Bell | Kinetic Funding
http://www.kineticfunding.com.au
Email Me | Phone MeMortgage & Personal Loan Broker based in Cairns and Melbourne but servicing clients Australia wide.
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