Rental Property Renovations that Can Draw Higher Monthly Rent

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Rental Property Renovations that Can Draw Higher Monthly Rent

Rental Property Renovations that Can Draw Higher Monthly RentIf you’ve owned rental property for any length of time, you know that there are times when it can be difficult to acquire tenants, much less command a premium figure for your property’s monthly rent. But the reality is that, by making just a few simple renovations, you can draw in top-quality renters, who will happily pay a few extra dollars every month, essentially adding to your bottom line. Just some of these items include the following:

  • Paint or Replace the Mailbox – While it may not appear to be a big deal, the mailbox is one of the first things people see when they approach a home – and when the box is rusty and unstable, it could make potential tenants wonder what else isn’t quite up to par. A brand new box – or even a fresh coat of paint on the current one – can do wonders for sprucing up the curb appeal.
  • Change / Update the Light Fixtures – Although it may not be glaringly noticeable, updated light fixtures can provide a nice, clean feel – and can oftentimes tie all of the rooms in the home together. (To really make things pop, you could also consider replacing all of the doorknobs, too).
  • Install New Window Blinds – Old, outdated and / or broken blinds in the windows can give a home a messy appearance. However, installing new ones can provide a virtual facelift in every room. People are naturally drawn to the windows in a home, as this is where the natural light comes in. So, why not enhance it. Typically, a nice new sturdy set of blinds won’t set you back that much – but can make a significant difference.

Need more ideas? Working with a local, experienced property manager can help. If you own investment property in Orlando or the surrounding area, give us a call.

2017-10-03T15:53:30+00:00 By |Maintenance, Tenant Relations|

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