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4 Home Upgrades Worth the Investment

Contemporary blue kitchen with renovated windows, cabinets, and countertops.
Many investors realize that improving Michigan Park rental properties is vital to maintaining tenant interest. These improvements also open the door to raising the property’s value.

Specific home upgrades can substantially boost the value of a property. Understanding which renovations provide the best ROI is crucial for rental property owners to secure long-term success and profitability.


When planning renovations for your rental property, begin by comparing the construction costs to the potential increase in property value. A recent nationwide survey found that most home sellers believe kitchen updates provide the highest ROI for the money spent.

Yet, this doesn’t mean you have to entirely renovate the kitchen to enhance your property values. Rather than a full remodel, minor updates like refacing cabinets, replacing appliances, or installing a new countertop, sink, or faucet can rejuvenate your property’s interior affordably. This gives you the ability to make important improvements without overspending.


Bathrooms also benefit from this principle, with small renovations leading to considerable value increases if your amenities are current and attractive. Consider revamping old, worn tile tub and shower surrounds with a new fiberglass overlay. Install a new vanity and mirror, or think about painting the room in a fresh, light color. Replace worn vinyl flooring with tile for a superior upgrade.

The long-term benefits of tile are more significant, as it lasts for decades without needing replacement and feels more luxurious than laminate flooring, despite a slightly higher price. This reassures you that your investment will be long-lasting.

Stone Veneers

The initial impression matters greatly when renting a property. Therefore, why not enhance the exterior of your property? One of the best enhancements you can make is adding manufactured stone veneer to the front of your property. This upgrade not only revitalizes your property’s appearance but also boosts its appeal to tenants, providing a good return on investment.

A cost vs. value analysis found that replacing vinyl siding with stone veneer around entryways, pillars, or the lower third of the front exterior walls enabled sellers to recover nearly all installation costs. By upgrading before selling, you can increase profits by making your rental home more appealing and commanding higher rents.

Doors and Windows

Remodeling specific parts of your home can offer the best returns. Garage doors and windows are prime examples. For rental properties with garages, it’s wise to replace the garage door when it looks worn.

Though it seems minor, a new garage door can greatly boost your property’s value, akin to stone veneers. Likewise, swapping old windows for new vinyl ones improves looks, safety, and energy efficiency. Home improvement projects like these can be very beneficial when filling a vacant rental.

Upgrading properties can be expensive and take a lot of time. Nonetheless, these improvements are vital for the long-term success of your rental property investment in Michigan Park. Regularly planning and budgeting for home improvements keeps your rental property competitive and growing in value.

To create a rental property that will attract both renters and buyers, call Real Property Management DC Metro at 202-269-0303 or contact us online. Our property managers in Michigan Park can assess your property’s condition and recommend cost-effective solutions.


Originally published: July 8, 2022

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