Top Tips Owners Can Do To Beautify Their Rental
01 May, 2018Large options of rental properties are always available in Lebanon for the tenant to choose from. Given these large numbers, it’s important to maximize your home’s potential with regular maintenance and upgrades to attract renters and maximize profits.
Not only lengthy renovations, are the solutions for attracting the tenant, simply replacing old features, increasing storage, adding amenities … These minor improvements help to beautify the property and appear more desirable to renters and boost the rental value of it.
Replace Old Furnitures
Renters are not going to be attracted to older-looking homes that are filled with dated furniture’s. Having old kitchen knobs, faucets, handles and cabinetry can be an eye-sore that some are not willing to look past when viewing it.
Having these dated features in a home can also give the impression that the home is not well cared for and hasn’t been updated in a while. Therefore, owners should consider updating these minor features to help modernize the space and bring some appeal back to dated areas.
Update Floors
The floors of a rental are an excellent way to beautify the home. Certain types of flooring can appear dated and unappealing for potential renters if it’s been a while since it’s been replaced. The upgrades will likely increase the desirability of the property, and therefore its value.
Upgrade Plumbing Fixtures
Another tactic that owners can use to beautiful their rental property is to upgrade the plumbing features in the property. No one wants to use old-looking faucets or showerheads in the home they are living. Not only will this seem unappealing to potential renters, but it may impact the amount of money you can rent the property out for.
Therefore, it’s important that owners consider updating the plumbing fixtures in their home to more modern and sleek additions. This will instantly help to upgrade the kitchen and bathroom areas of the space without an invasive renovation.
Increase Storage
Storage is a vital feature of any home which is why it’s important to upgrade (or increase) the storage areas of your rental. Upgrading these areas will help to beautify the property because it will help to minimize the amount of mess around the property. This can be accomplished by adding built-in cabinetry, more functional furniture and shelving units to keep items from spilling onto the floor.
Property Manager
Not only should owners be concerned about the immediate repairs of the home, but they should consider speaking with a property manager who can help with long-term maintenance of the home. A property manager will be able to help monitor the property in case there are any issues that arise with the tenants.
Plus, they will be able to handle any disputes, damages, or problems that occur in the property that would potentially decrease its value. Without their help, an unruly tenant may cause a severe amount of damage that’s irreversible if you’re too late.
There are three goals every investor should desire to achieve:
Maximize rent, minimize operating expenses and increase resale value.
In order to achieve your desire:
Improve your property value and avoid tenant turnover every term.
There are ultimately a number of right things you can do to a home to beautify it and to increase the property value. To learn more on this topic, get in touch with an expert of our team who would be happy to help.