Making improvements to a rental house does not need to be expensive nor difficult. In fact, there are several inexpensive or free ways to increase the appeal of a so-so rental property and turn it into something prospective tenants really want. By doing some simple things like swapping out some hardware or fixtures, and doing a bit of low-cost resurfacing, you can turn your single-family rental property to one that quality tenants are looking for. In fact, your Columbia Heights property’s appeal can be significantly boosted with just these five simple upgrades.
1. Don’t Forget the Details
Interior decorators have known for a long time, that if you just add a few small touches, you can make a huge difference to a home. The same thing applies to single-family rental homes. Replacing cabinet handles and drawer pulls with new ones can add both beauty and function to a bland kitchen. This would instantly upgrade tired old cabinets.
Faceplates also help make a home interior feel more put together. When faceplates are cracked or mismatched, it can really drag down the feel and visual appeal of a room. You can make each room in your rental house much more attractive by the simple act of replacing each faceplate with new, matching ones.
2.Changing Hardware and Fixtures
Just as small details like faceplates and cabinet handles can have a big impact, so too can replacing small hardware items (like doorknobs) and light fixtures. After some time, hardware and light fixtures can tarnish and look dated. This can affect a prospective renter’s views. They may get a negative impression about the rental home’s interior. But by the simple act of updating old light fixtures in key rooms, adding a ceiling fan in a bedroom, or adding matching doorknobs, locks, and other hardware, you can produce a visual appeal that far exceeds the cost. You don’t need expensive hardware and light fixtures, either. A basic fixture that’s clean and modern will do the trick.
3.Spot Paint the Walls
Repainting a rental home’s walls is one way to achieve that fresh, clean look tenants love, but it is also possible to achieve a similar effect by simply doing some small touch-ups. It really depends on the level of wear and tears your walls have, but you’ll rarely need a full paint job between every tenant. If you’ve saved paint or paint chips from your last paint job, then you could simply fill in any nail holes or other damaged areas with putty and then paint over the repaired patches. By doing this, you are giving yourself walls that look freshly painted but aren’t spending too much time or money.
4.Resurface the Countertops
The look of countertops has a great effect on the property’s overall appeal. A beautiful countertop can do wonders for the appeal of a rental home– it can give the kitchen or bathroom a custom look and give it an upgraded feel. Fortunately, it is not necessary to install granite or other expensive options to achieve this same result. There are many different countertop resurfacing kits available that can give your old countertops an instant facelift without the designer price tag.
5.Landscape for Free
A rental home’s landscaping is a crucial part of the property’s curb appeal. It can even be the convincing factor that makes a tenant choose your property over another. A clean, low-maintenance yard is ideal for rental homes, but tenants enjoy trees, flowers, and other beautifying elements as well. To add some low-cost color and green to your rental’s yard, the first thing you should check is your local utility or city website. A number of cities give away free trees or other plants to property owners as a way to help the environment. Also, check your local classifieds– specifically the “Free Stuff” section. In these ads, you’d find advertisements for things people no longer need, which sometimes includes shrubs and trees. In this way, you can upgrade your property’s landscaping for no more than the cost of a little elbow grease and a shovel.
When we’re talking about standing out in the rental market, then small upgrades definitely can equal big returns. You can easily upgrade your Columbia Heights rental property and your potential to draw in the types of tenants you desire with a bit of time and some low-priced acquisitions.
Weary of having to do it all by yourself? Why don’t you try asking Real Property Management DC Metro for help? Our goal is to protect and maximize your real estate investment whether you own one rental home or several. Bolstered by over 30 years of nationwide experience, our unit of efficient Columbia Heights property managers is available to ensure that rental homeowners can maximize rental income while minimizing expenses and inefficiencies. Contact us online or give us a call at 202-269-0303 today.
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