Upgrading a rental house does not need to be ultra-expensive or formidably hard. There are inexpensively achievable or free ways to take a so-so rental property and boost its appeal to prospective tenants. By adding just a few small, easy touches, swapping out several hardware or fixtures, and doing a little affordable resurfacing, you can make your single-family rental property one that quality tenants will be on the alert to rent. As a matter of fact, with just five basic upgrades, you can crucially boost your Franklin property’s appeal.
Changing Hardware and Fixtures
Replacing small hardware items, for example, doorknobs and light fixtures at the top of the list among small upgrades that can have a strong impact. Over time, hardware and light fixtures can tarnish or look dated. When this arises, a rental home’s interior can negatively impact prospective renters. Merely updating old light fixtures in key rooms, providing a ceiling fan in a bedroom, or putting in place matching doorknobs, locks, and other hardware can enhance visual appeal that is far bigger than the costs. Hardware and light fixtures don’t need to be fancy or financially excessive; a pretty simple fixture that looks clean and modern will customarily do the trick.
Touching Up the Paint
While repainting a rental home’s interior is one sure way to achieve that fresh, clean look tenants admire, it is possible to get a similar effect by doing small touch-ups. Conditional on the level of wear and tear, the whole interior may not need a full paint job in-between every tenant. If such is your rental property, painting an accent, the trim, or a few walls can easily create the look of freshly painted walls without spending too much time or money.
Resurface the Countertops
The look of a rental home’s countertops can crucially impact the property’s overall appeal. Disputably more than other features, a pretty countertop can lend a kitchen or bathroom a custom look and an upgraded feel. Thankfully, installing granite or other expensive options is not necessary to get this same result. There is a whole lot of different countertop resurfacing kits available that can give your old countertops an instant facelift without the designer price tag.
Don’t Forget the Details
Interior decorators are well aware that adding just a few small touches to a home can make a big difference. Franklin property managers can follow that example. Attaching new cabinet handles and drawer pulls to a bland kitchen can add beauty and function, instantaneously upgrading otherwise tired old cabinets.
Updated and matching faceplates are other small details that can easily make a home interior feel more elegantly put together. Cracked or mismatched faceplates can unfavorably affect a room’s feel and visual appeal. You can make each room in your rental house vastly more attractive by completely replacing each faceplate with new, matching ones.
At the same time, take note to add a few tech-friendly touches! For relatively little money, you can add smart updates to your rental home that tenants will be happy with. For example, switch a small number of regular outlets in key areas to outlets incorporating USB ports. You can even turn a GFCI outlet into a charging hub. Or, add in a video doorbell, smart light bulbs or plugs, or a Wi-Fi-enabled garage door. The money you spend on these updates will vitally add value to your property and make it effortless to attract quality tenants.
Landscape for Free
A rental home’s landscaping is a substantial part of the property’s curb appeal and can even be one of the prime causes a tenant chooses your property over another. A clean, low-maintenance yard is desirable for rental homes, but tenants enjoy trees, flowers, and other beautifying elements. To add just a few low-cost colors and green to your rental yard, carefully check your local utility or city website. Various cities give away free trees or other plants to property owners. Moreover, keep in mind to check the “Free Stuff” section of your local classifieds. In these ads, people commonly advertise things they no longer need – by way of example, shrubs, and trees – to anyone apt to come and get them. In this way, you can, without hassle, upgrade your property’s landscaping for no higher cost than a little elbow grease and a shovel.
In Conclusion
Small upgrades can equal big returns when it comes to the issue of standing out in the rental market. With just a little time and particularly affordable purchases, you can upgrade your Franklin rental property and your ability to successfully attract the kind of tenants you are looking for.
Tired of doing it yourself? Why not give Real Property Management Greater Milwaukee a call straight away? It doesn’t matter if you manage one rental home or several; our goal is to protect and maximize your real estate investment. Backed by over 30 years of nationwide experience, our property managers are here to help rental homeowners effectively increase rental income while dropping down expenses and inefficiencies. Contact us online or call us at 262-309-6961 today.
Originally published on January 17, 2020
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
