When it comes to multi-family properties, first impressions—and long-term durability—matter. While laminate countertops may appear cost-effective up front, the numbers tell a different story over time.
“Kitchen & Bathroom Updates lead to the most significant impact on rent increases with a 70% to 80% ROI.” — Multi-Housing Depot
The Numbers Show That Quartz and Granite Are Built to Last
Laminate countertops typically need to be replaced every 6 years. In contrast, quartz and granite last 20+ years. That means over a 10-year period, you’ll likely pay twice for laminate—but only once for stone. At year 10, you’ve spent just as much on laminate, but with none of the added appeal, durability, or tenant satisfaction.
Drive More Revenue with Every Unit
Upgrading to granite can increase rent by $40 per month. Quartz can command an additional $60. Multiply that across a 200-unit property, and the results are clear:
• Granite Upgrade: +$96,000/year in rental revenue
• Quartz Upgrade: +$144,000/year in rental revenue
Over 10 years, that’s an extra:
• $960,000 with Granite
• $1.44 Million with Quartz
Stone countertops don’t just elevate the look of your property—they elevate your returns. With domestic fabrication and exceptional lead times, L.E. Smith delivers the ROI multi-family property owners need.
Please contact us to discuss how we can assist with a stone upgrade for your next project.
