As the owner of a single-family rental property, ensuring your investment is secure is crucial. Making updates to your rental home ensures it retains its value and attracts reputable tenants. Nevertheless, it’s crucial to know which upgrades are worth investing in.
Good news—we have inside information on the best upgrades for your investment in Garfield. Experts in the field advise focusing on three main upgrades: appliances, floors, and fixtures.
Upgrading can boost your rental property’s value and charm, appealing more to potential tenants. Why not show your rental property some love and make it stand out from the competition?
Modern Appliances
Appliances often top the list of inquiries from prospective renters when leasing a home. Keeping appliances up-to-date and functional is key to avoiding deal-breakers for renters and ensuring long-term retention.
Regular upgrades to your rental property’s appliances are a smart way to get the most value for your money. There’s no need to overspend on the latest and greatest appliances; affordable models work just as well. Focus on purchasing quality appliances that look unified and ideally offer a warranty.
Low-Maintenance Flooring
Improving the flooring in your rental property can significantly increase its value and attract prospective tenants. Carpets in rental properties usually last about five years before they need to be replaced. Refreshing your property with new carpeting can attract tenants who value and seek well-maintained homes.
Other flooring types also require regular cleaning and should be replaced as necessary. Applying new grout to tile floors and replacing worn or damaged solid surface flooring can vastly improve the look of your property. Investing in durable, low-maintenance flooring can sustain your rental property’s value and appeal to excellent tenants.
Enhanced Fixtures
Little improvements can greatly enhance overall quality. Significant enhancements to rental properties can be achieved by updating key fixtures such as faucets, light fixtures, ceiling fans, and blinds. These easily replaceable and cost-effective fixtures make an excellent option for landlords in Garfield aiming to upgrade their properties.
Updating fixtures regularly is crucial to sustain your property’s market value. Minor hardware upgrades, such as new doorknobs and outlet covers, can significantly improve a rental’s ambiance and tenant appeal. Minor changes can have a major impact on how your rental property looks and how desirable it is to potential tenants.
Do you want to increase your rental property’s market value, improve tenant retention, or raise rents?
Answered yes? Simple, cost-effective upgrades provided by Real Property Management Concierge‘s maintenance program might be the answer. To learn more about how we can assist you, please contact us online or at 201-514-1603.
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