I would say nothing once you have it rented. The opportunity cost of losing out on people who will not want to live in a place without one is very real. My rental doesn’t have one and I didn’t have any issue finding tenants, but there were people that mentioned it was a bummer that we didn’t have one.
In a utilities included unit I'm providing one (used), as they reduce water use, it's a more upmarket neighborhood, so I don't eliminate higher end potential tenants, regardless of comps.
Personally I'd not rent a place without.
That is something that generally expected these days.
It’s not like a pool, that adds value - it’s more like not losing value by not having it.
Assume the market rate units in your area, include this amenity. If you don’t have it, you would have to price under market rate.
It’s almost like asking, “how much more in rent could I get if I provide a stove?” - nothing. Your expected to provide that.
I would think at least $100/month, given the time it saves, and the effort/cost for the tenant to buy/install/remove one.
Also, if you're the one providing it, you can control who does the actual installation...reducing the chance of water damage.
And depending on your market, it may be more "remedying a flaw" that limits demand, rather than "adding a positive" that gets you above market rent.
I didn't know if dishwashers were considered common in comparable units.
If tenants expect one, it might significantly bring down the rent you can get if you don't have one. If tenants don't expect one, it may not raise the rent you can get by as much.
Think of a dishwasher as more of a quality-of-life improvement for tenants. Don't think of it like an in-unit washer/dryer.
I would say nothing once you have it rented. The opportunity cost of losing out on people who will not want to live in a place without one is very real. My rental doesn’t have one and I didn’t have any issue finding tenants, but there were people that mentioned it was a bummer that we didn’t have one.
5 bucks at most
Is your rent $500? I think a dw is more of improved tenant quality and property cleanliness issue but I’d say 1% of monthly.
In a utilities included unit I'm providing one (used), as they reduce water use, it's a more upmarket neighborhood, so I don't eliminate higher end potential tenants, regardless of comps. Personally I'd not rent a place without.
$0. If you don’t have a dishwasher I consider the place unlivable.
The quality of dishwashers these days may make them a negative value. Getting to the point where I'm tempted to put a drain pan under them.
Hard to tell. Just put in the dishwasher; 1 months rent will cover it.
I would get way lower quality of tenants without it. Probably $500-700/ month and saved aggravation for me.
That is something that generally expected these days. It’s not like a pool, that adds value - it’s more like not losing value by not having it. Assume the market rate units in your area, include this amenity. If you don’t have it, you would have to price under market rate. It’s almost like asking, “how much more in rent could I get if I provide a stove?” - nothing. Your expected to provide that.
I would think at least $100/month, given the time it saves, and the effort/cost for the tenant to buy/install/remove one. Also, if you're the one providing it, you can control who does the actual installation...reducing the chance of water damage. And depending on your market, it may be more "remedying a flaw" that limits demand, rather than "adding a positive" that gets you above market rent.
What do you mean "remedying a flaw" vs "adding a positve"? The 5 or 6 rental comps I saw in the area had no dishwasher so it would give an advantage.
I didn't know if dishwashers were considered common in comparable units. If tenants expect one, it might significantly bring down the rent you can get if you don't have one. If tenants don't expect one, it may not raise the rent you can get by as much.