If you’re preparing an older Oconomowoc rental property for new tenants, it’s not a bad idea to contemplate renovating for the new generation of tenants. Prior to the renovation, though — take note that in older homes, there are features that shouldn’t be remodeled. These are the features that give your home that warm and cozy vibe — trying to remodel them might not be the best idea, as it can also prove to be quite expensive. Before you change any unique features of your property, think about what features you can keep.
Hardwood Floors
If long-term maintenance is something you are looking at, this might be for you. Don’t be so quick to remove or cover up hardwood flooring. The beauty of a hardwood floor can be what attracts tenants, as well as boost your property values. You will be able to save so much because you won’t need carpet cleaning.
Exposed Beams and Mantels
Likewise, if your property has wooden mantels or exposed ceiling beams, maybe you won’t have to resort to removing or painting over them. The natural wood features appeal to a lot of homeowners and renters because of their alluring warm beauty. Refinish a wooden mantel or leave your rustic wood beams as-is, lending a charming farmhouse feel that will distinguish your rental.
Millwork, Arches, and Pocket Doors
Older homes, especially those built before the turn of the twentieth century, often have unique design features like distinctive crown molding, arched doorways, pocket doors, and even medallions and other trim on the ceilings and walls. Even if these features aren’t hip with modern architecture, they provide their own look and vibe. Besides, these unique details are returning in demand and on-trend. This means good news for your rental property’s appeal.
Stained Glass
The stained glass found in older homes is something that adds so much charm to the house. Even though there are people who find them unattractive, stained glass windows have always been a classic throughout history. This is why you can use its own charm to your advantage. Colored glass panes help add light to dark spaces while preserving privacy. Perhaps you could even relocate the stained glass panes to another part of the house like a bathroom window. This ensures that the home’s unique style and history are kept without turning off new, potential renters.
Banquettes and Butler Pantries
For the past years, homes were built without utility rooms and built-in features. Now, these useful elements are, once again, back in demand. So, if your older rental home has a butler pantry (small room next to the kitchen) or banquettes (built-in bench seating), don’t remove them. Built-ins can be enjoyed by homeowners and renters alike — they can also make good use of a butler pantry for whatever needs they might have for their storage.
A rental property renovation will not come easy. And yet, you should remember to notice the property’s unique details. Don’t immediately get rid of them by remodeling. Try to assess the situation and look for ways to use these details to raise the value of your property.
Would you like to learn more about creating a rental property that tenants will love? Trust the local experts at Real Property Management Greater Milwaukee. You can call us at 262-309-6961 or contact us online.
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