Cheap ways to upgrade and update your rental property
Property upkeep can be one of the most stressful things about having a rental property. While you do not want to eat up part of your income, you must remember that simple things can improve your property value and increase your revenue.
Remember, first impressions are everything!
Here are some easy, budget-friendly, ways to upgrade and update your rental:
A Fresh Coat of Paint
Investing in some paint, more so if you can buy it in bulk, will give you back the most return of your investment. Whether you choose to do it outside and inside or just one it will make the property look cleaner and fresher for potential tenants, which will make it that more appealing to them.
This doesn’t necessarily mean you need to change all the floors in the property, but taking a look around and choosing to change the flooring in areas where it may look run down or dirty will really give the house a new look.
Try staying away from things like carpet and go for something more neutral and durable.
There is little less appealing than an old-looking kitchen! This can be easily fixed by giving the kitchen cabinets a new look.
You can try painting them in a different color or adding new handles and hinges to make them look fresh and new.
Lighting can completely change the view and feel of a room. Find the style of the property you are fixing and run with it all the way to the lights. You will see how it can change a space from being cold to warm and welcoming.
Another thing you could do is add a ceiling fan if you don’t have any, this is really sought after by tenants.
While tearing down a bathroom and redoing it can be nerve wracking and really expensive, you can fix little things to make a big difference.
If the bathroom items are worn, you can change the toilet seat or replace the sink faucet or other vanity fixtures.
If you have a property, but don’t want to deal with the hassle of keeping it and don’t know what steps you need to take to get it rented, contact us today!