For single-family rental property owners, protecting your investment is a top priority. Refreshing your rental home helps keep its value up and attracts superior tenants. Knowing the right upgrades to invest in is crucial when enhancing your property.
Fortunately, we possess insider insights on the most valuable upgrades for your money in Quincy. Industry experts suggest the three best upgrades to consider are your appliances, flooring, and fixtures.
Implementing these upgrades will enhance your property’s value and appeal, making it more attractive to prospective tenants. Why not invest a bit of care into your rental home and make it distinguish itself from the competition?
Modern Appliances
Appliances are usually the first detail prospective renters check when looking at a rental home. Maintaining functional and modern appliances is crucial, as old or broken ones can be a deal-breaker for potential renters.
For the best return on investment, consider regularly upgrading the appliances in your rental property. Upgrading doesn’t mean overspending on the latest technology; cost-effective models are sufficient. Aim for appliances that are well-made, have a consistent style, and come with a warranty where possible.
Low-Maintenance Flooring
Renewing the floors of your rental property is an excellent method to enhance its appeal and value, attracting potential tenants. Usually, carpets in a rental home should be replaced every five years. New carpets can make your rental more appealing to discerning long-term tenants who prioritize well-maintained properties.
It’s also important to regularly clean and replace other types of flooring when required. New grout for tile floors and replacing unsightly or damaged solid surface floors will improve your property’s overall look. Quality, easy-care flooring ensures your rental stays desirable to top-notch tenants and retains its market value.
Enhanced Fixtures
Little improvements can greatly enhance overall quality. Renovating fixtures such as faucets, lighting, ceiling fans, and blinds can significantly improve a rental property. These easily replaceable and cost-effective fixtures make an excellent option for landlords in Quincy aiming to upgrade their properties.
Regular fixture updates are vital for maintaining the value of your property. Upgrading small details like outlet covers and doorknobs can give a rental home a more polished look that tenants appreciate. Minor changes can have a major impact on how your rental property looks and how desirable it is to potential tenants.
Interested in boosting your rental property’s market value, improving tenant retention, or raising rental rates?
If you answered yes, Real Property Management Boston offers an affordable maintenance program with simple upgrades that could be your solution. To learn more about how we can assist you, please contact us online or at 617-522-0099.
Originally Published on Sept 21, 2018
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