Insurance Claim in the Apartment May Have
Opened an Upgraded Market in Roseville
There is an apartment community in Sacramento Region, in the city of Roseville, that had a moisture condition that destroyed the common wall between two kitchens of two units. The water damage included the drywall, cabinets, and counters among many things. These items were then upgraded when putting back together.
These were not super fancy, high-end improvements but certainly nicer than the rest of the apartments in that area. As a test, and mostly covered by the insurance claim, the unit used the improvements and marketed at a higher rent. These units are being rented about $150 per month more than the same units without the improvements.
I'm not an apartment manager but this sounds like a good return on the investment. Over a three year period that is an additional $5,400 in income, probably enough to cover the cost without an insurance claim. Perhaps the management company will consider upgrading more of the apartment units at this property in Roseville, CA.
Tromler Construction *** 916-765-5366
Comments(15)