As the owner of a single-family rental property, ensuring your investment is secure is crucial. Making updates to your rental home ensures it retains its value and attracts reputable tenants. However, determining which upgrades are financially prudent is vital.
You’re in luck, as we have insider tips on the top upgrades that make sense financially in Washington Corridor. According to professionals, the prime upgrades include appliances, floors, and fixtures.
These improvements can enhance the value and allure of your rental property, attracting potential tenants. Why not enhance your rental home with some improvements to make it stand out?
Modern Appliances
For those renting a home, appliances are generally the initial point of inquiry. It’s essential to keep appliances in good condition, as outdated or malfunctioning ones can be a major turnoff for renters.
To optimize your investment, regularly refreshing your rental property’s appliances is advisable. However, you don’t have to spend excessively on the most advanced high-tech appliances. Select good quality appliances that have a uniform look and ideally are covered by a warranty.
Low-Maintenance Flooring
Refurbishing your rental property’s flooring is a great strategy to boost its value and allure to potential tenants. Generally, the lifespan of carpets in a rental home is five years, after which replacement is essential. Quality, new carpeting appeals to long-term residents who value home maintenance.
Moreover, maintain and replace other flooring types as needed to keep them in top condition. Re-grouting tile floors and replacing damaged solid surface flooring can significantly enhance your rental property’s aesthetic. Durable, low-maintenance flooring is a smart investment to attract reliable tenants and maintain your property’s value.
Enhanced Fixtures
Minor upgrades can make a substantial difference. Updating fixtures like faucets, light fixtures, ceiling fans, and window blinds is one of the most effective ways to enhance a rental property. For landlords in Washington Corridor, these inexpensive and simple-to-replace fixtures are the perfect upgrades for enhancing rental properties.
Keep in mind that consistently updating fixtures is key to maintaining your property’s value. Replacing items like outlet covers and doorknobs can add a refined touch to a rental home, which tenants often value. The small updates can transform the appearance of your rental property, making it more appealing to potential tenants.
Are you aiming to enhance your rental’s market value, better retain tenants, or up the rent?
If so, consider simple upgrades through the affordable maintenance program by Real Property Management Heritage as the ideal solution. To learn more about how we can assist you, please contact us online or at 832-701-0766.
Originally Published on Sept 21, 2018
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