Upgrading your rental home by getting some repair and maintenance done is a sure shot way to increase the rental property’s value. Such upgrades pay off later in the form of higher rental rates. Here are some inexpensive upgrades that will yield maximum benefits.
Hiring the services of a landscaper for improving the outer appearance of the rental property can do wonders. Some pruning and decorative touches like hanging baskets, mowing the lawn etc. will do the trick.
2. The Front Door
The front door is the first thing to catch the attention of a prospective tenant. Repaint an old door or replace it with a new one. An impressive front door makes the property look like it has been cared for.
This is a low cost option of instantly revving up any property. A fresh coat of paint brightens up a house making it look appealing and welcoming. Use neutral paint so that the tenants can later add colors as per their taste.
4. Upgrade Appliances
It’s good to regularly maintain appliances to keep them in good condition. However, after old tenants leave and before new ones step in, check whether any appliances need to be repaired or replaced. Appliances in working order always give a good impression and increase worth of the property.
5. Window Treatments
Replace old, worn out and outdated window treatments with new ones. It instantly lends a new and fresh look to the property, thus adding value to it.
Upgrade the lighting of the house to make it look brighter and more inviting. Use soft lights in bedrooms and bright ones in the kitchen. Also clean the lighting fixtures and update broken ones.
The payback on investing in new flooring is huge. You can start with single prominent rooms like the kitchen or bathroom if you are on a limited budget. Also, you can restore old floors to give them a new and clean look.
8. Kitchen Cabinets
Try repainting kitchen cabinet doors or replacing them for a new look. You can also remove the doors to convert them into open shelves.
9. Bathroom Overhaul
Revamp your bathroom with water efficient toilets and showers, change the tiles, repaint the walls, etc. An attractive, clean and modern bathroom adds value to the whole house.
10. A Dry Basement
If your home has a basement, make the necessary upgradations to keep it dry and free of damp smells. You can hire an expert to add a drywall, insulation or laminate flooring to prevent leaks and excessive moisture. Work on improving the lighting and furnishings.
For more information, contact Lone Star Realty & Property Management, Inc. We are located at 1020 West Jasper Drive, Killeen, TX 76542. You can also call us at (254) 699–7003.