If you’re looking to make some easy and profitable upgrades on your rental properties, you’ve come to the right place. We’ve compiled a list of six improvements that will increase not only the quality of your rental units but also the chances that your tenants will renew their lease — and maybe bring in some referral business.
1. Replace Cabinet Doors
Cabinet doors are often overlooked until there’s a problem with them. Before you embark on the project, make sure you have a complete assessment of all of the doors in your rental units. After all, it can be hard to tell what’s broken if the door itself is not damaged.
2. Add a Fresh Coat of Paint
A fresh coat of paint can make a world of difference. It is especially true if the paint you’re removing was applied a long time ago. If you’re unsure, have your painting contractor conduct a Lead Paint Testing prior to starting the project. New paint will make your rental units look fresh, clean, and new.
You can either make the walls brighter by painting them or covering them with wallpaper. In this case, painting is a much simpler, and easier task than other home upgrades, and cheaper too. You can hire an experienced home interior painter to do this work for you at a fair price. If you decide to go with wallpaper, try wallpapers with rich, bold colors that you feel match your vibe. A home upgrades expert will recommend the most suitable colors for wall paint and wallpaper to suit your vision.
3. Replace Interior and Exterior Doors
If your rental properties have a lot of doors, you’re likely running into some issues. Some doors are damaged beyond repair, while others need a new coat of paint or simply some help closing properly. Here’s the secret to making sure your doors act properly, ensure that everything is working as it should before starting any project on the doors.
4. Add Landscaping and a Fence
If you want to increase the curb appeal of your rental properties, adding a beautiful landscape and a fence is the way to go. The cost associated with this project will depend on the type of fence you choose and where it’s located if you’re replacing a chain-link fence.
5. Install New Flooring
If your rental properties have a lot of carpets, replacing them with hardwood or laminate flooring is a great way to improve the quality of your rental units. If you’re going to replace carpeting, be sure to add new padding.
6. Wall Repositioning
If there’s a wall that isn’t holding up to the weight of the structure, look into a load-bearing wall repositioning. You’ll have to make sure the wall is level and plumb before doing this. If you’re looking to add another story, peek into adding another support beam to the existing structure. Doing so will help prepare for the future expansion of your rental properties.
You can easily make your rental properties stand out amongst their peers. If you’ve been looking for a few top-notch upgrades, definitely consider these ideas. After all, these improvements will help increase the attractiveness of your rental properties and will help ensure that your tenants renew their leases.
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