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Here are some suggestions for improving the value of your rental property.
Matching the finishes of the oven, refrigerator, dishwasher, and microwave immediately unifies the look of the kitchen. You don’t have to spend a lot of money on top-of-the-line appliances, but doing so will improve the kitchen’s efficiency, which is a big plus for renters.
2. Curb Appeal
The first thing your potential tenants would note about your building is its exterior, so make a good first impression. Landscape the front lawn, but keep it low-maintenance and inexpensive so neither you nor the renter have to worry about it. Alternatively, anything as basic as repairing or painting the front door may be a noticeable improvement that updates the property’s appearance.
3. Paint and Update
Paint the walls a neutral color to give prospective tenants a blank canvas. You may also offer to paint the walls in the color of the renter’s choosing, whether it’s the whole interior, a specific space, or an accent wall.
Install new light fixtures to brighten the rooms and modernize the space. Cabinet handles, door knobs, and blinds can all be updated quickly and easily.
4. Add Amenities
What distinguishes your rental property from that of other landlords? Make a list of what renters want, which will help you fill vacancies and possibly allow you to boost the rent.
Anything that can make a tenant’s life easier will be noticed. To create a sleek, modern look, make a dishwasher and the other appliances stainless steel.
5. Open Floor Plan
Remove any walls to open up the room if you have the time and resources. Open floor plans are common because they make a space feel bigger and brighter. More windows would also make the interior feel larger and allow more light to enter.
Since several potential tenants look for a modern bathroom, remodeling this area of your rental is essential. At the very least, removing the toilet seat – or the whole toilet if possible – installing a new shower head, and upgrading the faucet and cabinet hardware are some of the simplest changes.
Since a new bathroom is desired by several potential tenants, remodeling this area of your rental is critical. The easiest modifications include removing the toilet seat – or the whole toilet if necessary – installing a new shower head, and replacing the faucet and cabinet hardware.
7. New Floors
Hardwood is a common choice because of its sleek appearance and ease of maintenance. Carpet, on the other hand, is not commonly used in rental properties because it can trap odors and is more difficult to maintain.
8. Energy Efficiency
Energy-efficient windows and a programmable thermostat will help potential tenants save money on their utilities, which is a common selling point.