improvements made to rental property

Renovating your rental property can attract new clients and also improve the value of your property. However, when it comes to deciding the kinds of upgrades to go for, it can be challenging and can also lead to decision fatigue.

This article will shed light on cost-effective upgrades that you can implement on your rental property.

• Repaint Your Property

Painting your rental property is the best way to give it a newer and cleaner look. You can ignore this only if your property’s walls and ceilings are in perfect conditions. If you want to save on renovations, then you can deep clean your walls, baseboards, and also trim to get them in perfect condition. This may work in some cases, but if your rental property’s walls have worn and torn from several move-ins and move-outs, then you need to repaint them.

• Replace The Windows

Replacing your rental property’s windows will improve its curb appeal. It gives your property a good impression and thus, helps attract new renters. It also improves the energy savings of your property.

• Change The Flooring

You can embrace different flooring options; hardwood flooring is durable and easy to clean. It also gives the property a classic look. As a matter of fact, renters prefer wood or engineered wood planking to carpet, tile and linoleum.

Engineered wood shows great resistance to changes in temperature and humidity. Its water-proof qualities makes it great for bathroom, mud area, front entrance and other areas that are prone to moisture.

Planks are other great flooring options that you can use. They can be glued, stapled, or floated on existing floor.

If you already have hardwood floors, you can refinish them to boost their appearance and life span.

• Update The Bathrooms

You can get more returns on your investment when you limit your bathroom renovations to a “mid-range” budget. This means getting new faucets, shower heads and fixtures. Install low-flow versions that will reduce the rate at which you use water by about 30 percent.

Ceramic floor tiling with geometric pattern will also make your space inviting.

You should also consider getting a new tub and toilet that can use 1.6 gallons of water per flush in order to adhere to federal standards.

• Remodel The Kitchen

Renovating your rental property’s kitchen will boost your ROI. However, this doesn’t mean you should spend all your money on the renovation. A minor overhaul is all you need. For instance, you can switch out the cabinet doors and update their looks with new hardware instead of replacing your cabinets entirely.

You can also replace appliances with energy-saving and mid-priced models.

Conclusion

Remodeling your rental property is a great way to improve its curb appeal. The factors discussed in this post need to be considered if you want a cost-effective renovation.

However, you need to realize that renovation requires the help of a specialist. Thus, you need to hire the service of experts to ensure that your rental property gets the care it deserves.