Renters, need advice from you......
I found a little tiny (1 bed, 1 bath) house that I can buy and rent out for investment. If the current owner takes her appliances I may just do a remodel on the tiny kitchen since I would have to buy appliances anyway and the cabinets for this little kitchen won't cost much. It's a very old cottage and doesn't have a dishwasher. The owner has a full sized range and a fridge that looks a little big for it's space. Would you prefer to keep a full sized range (30"), or would you prefer a smaller range (there's 20" and 26") with a small dishwasher (18")?
Also, we probably will have to tear out the tub area since I see some dampness. There's currently the standard tub with a glass door of decent quality. Since there won't be kids in this house I was thinking that I would prefer a shower if I lived there, which would be a nice size in the tub footprint. In our master bath at home I wish I would have put in just a nice shower instead of a shower/tub combo.
We are just assuming that we will lose money the first year so please tell me what you would want to see in your rental. We are very experienced remodelers and can do a very cute job without big bucks, especially on such a little home. Would you treat a rental better if the owners took good care of it? Can I attract better renters?