Many people assume that upgrading a rental house is expensive or difficult, but if you do it smartly, it doesn’t have to be either. There are, in fact, many inexpensive or free ways to turn a so-so property into one that greatly appeals to prospective tenants. By swapping out some hardware or fixtures, and doing a little low-cost resurfacing, you make some great improvements. These simple touches can make your single-family rental property one that quality tenants are eager to rent. In fact, you can significantly boost your Mooresville property’s appeal with these five simple upgrades.
1.Don’t Forget the Details
Interior decorators are well aware of the fact that a little goes a long way. If you add just a few small touches to a home in the right places, you can make a world of difference. It’s no different for single-family rental homes. Taking out old cabinet handles and drawer pulls and installing new ones can add both beauty and function, and would instantly upgrade otherwise tired old cabinets.
Another detail you can look at is faceplates. They can 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. Just by simply replacing each faceplate with new, matching ones, you can make each room in your rental house much more attractive.
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 leave a negative impression on a prospective renter, making them think that the rental home’s interior isn’t well kept. But all you have to do to produce a visual appeal far in excess of the costs is to update old light fixtures in key rooms, add a ceiling fan in a bedroom, or add matching doorknobs, locks, and other hardware. Hardware and light fixtures don’t have to cost you a lot or seem overly fancy. A basic fixture that looks both clean and modern is just fine.
3.Spot Paint the Walls
Repainting a rental home’s walls is one way to achieve that fresh, clean look that tenants love, but it is also possible to achieve a similar effect by doing small touch-ups. It really depends on how much wear and tear your walls have endured. But you’re not likely to 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. This way, you won’t spend too much time or money to get that look of freshly painted walls.
4.Resurface the Countertops
How the countertops look has a huge impact on a rental home’s overall appeal. For a rental home, a beautiful countertop can give a kitchen or bathroom a custom look and 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 very important for the property’s curb appeal. In fact, it can even be one of the chief reasons why a tenant would 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, you may want to check your local utility or city website first. A lot of cities give away free trees or other plants to help the environment. Property owners are welcome to avail of this. Also, you may want to check the “Free Stuff” section of your local classifieds. In these ads, people often advertise things they want to get rid of but aren’t trash. Sometimes these include 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 it comes to the rental market and how to stand out, small upgrades can truly equal big returns. You can upgrade your Mooresville rental property and your capability to lure in the types of tenants you need with a few low-cost purchases and a bit of time.
Need help? Why don’t you try asking Real Property Management Value for help? Our aim is to always protect and maximize your real estate investment whether you own one or several rental homes. Upheld by over 30 years of nationwide experience, our lineup of professional Mooresville property managers is prepared to give assistance to rental homeowners eager to maximize rental income while minimizing expenses and inefficiencies. Contact us online or give us a call at 704-230-4074 today.
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