How to Add Value to Your Rental Property
Many landlords and tenants are disappointed in the way that their rental property looks. Many landlords are afraid that the looks of their rental property will force them to charge less rent, because the value of the property has gone down. Below you will find some concrete tips that can help you add value to your rental property today.
Add a Fresh Coat of Paint
A fresh coat of paint can do wonders for your property. If you paint the outside, you boost the curb appeal of the property and will have many perspective renters coming to look at the property to rent. Most renters who ride by a house that has peeling paint will keep on driving. Painting the inside of the house is just as important as painting the outside, if a perspective tenant walks through the home and finds that it isn’t painted and the walls are dingy looking, they are apt to just go somewhere else. The longer your property sits empty, the faster the value of that property will go down.
Update Your Kitchen and Bath
These are often called the two most important rooms in the house, so updating them will raise your property value quite a bit. If you have sinks and tubs that are rusted or really scratched beyond repair, then you will want to replace them. Cracked and nasty looking linoleum is a deal breaker with most people who are not desperate for a place to live. A kitchen is supposed to be a bright and cheery place, the heart of the home, so if you paint it in cheery colors and have bright appliances to match; it will rent a lot quicker for you.
The bathroom is often said to be a sanctuary, so you need to make it a place that will appeal to possible renters, when they walk in the door. In most cases, a little elbow grease and a fresh coat of paint can make bathrooms and kitchens look comforting and inviting, so start there if you want to add value to the home.
Add to Your Landscaping
A gorgeous yard will add quite a bit to the value of your property and make it more appealing to possible renters. While you don’t have to spend tons on getting the yard in prime condition, you might want to plant pretty flowers for each season of the year. In this way, you can be sure that flowers are in bloom year round, according to what part of the world you live in.
Clean and Clean Again
Dirt and grime can quickly detract from the value of any rental property. Roll up your sleeves or hire a reputable cleaning service to do the job for you and your rental property will look amazing in no time at all.
These are just a few tips to help you increase the value of your rental property. From using a little elbow grease to making sure that the kitchen and bathroom are fresh and clean, you can be sure that your property will be worth more and rent faster as well by following the tips above.