Whether you have a property that you’re renting for the first time, or you’re spiffing up a property between tenants, some low-cost upgrades can not only allow you to increase the rent, but also to gain a better quality of tenants.
How do you decide what upgrades to do, and keep it within budget? Keep reading for five affordable rental property upgrades.
Install Wood Flooring
Wood flooring is luxurious, elegant, and can make a home beautiful. The initial installation is slightly more expensive than other flooring options, but it can last much longer. Repairs to wood flooring can be as simple as sanding and refinishing, rather than replacing tiles or pieces of laminate flooring.
Repaint the Walls
A few cans of paint are very inexpensive, and new color can liven a home up. You can paint just a few rooms or all of them. You can even repaint the exterior to improve the curb appeal. Paint comes in many color options, giving you a lot of freedom. You can create a look that is elegant, vibrant, bold, or cool.
Make a Small Bathroom Bigger
Bathroom remodels scare a lot of people. They imagine dealing with plumbing and electrical wiring and disasters. It doesn’t have to be that complicated – or that expensive. A few small, inexpensive tweaks like a larger mirror or recessed shelving can make a huge difference in the feeling of the space.
Add Some Backsplashes
Backsplashes are meant to protect the wall behind a sink or stove from various splashes. Just because it’s functional doesn’t mean it can’t also be pretty or fun. There are a variety of tiles that make stunning backsplashes, or you can even find peel-and-stick backsplashes to breathe some fresh air into the space.
Replace Cabinet Doors
Cabinets can be pricey, but replacing their doors can be an inexpensive way to improve their appearance. If the doors are solid and in otherwise good shape, you might be able to simply sand and repaint them before adding upgraded hardware, saving even more money.
If you’re ready to take the next step, contact us today for a quote. We can help you increase the value of your rental home without breaking the bank.