The new year is an ideal time for sprucing up a rental property. Upgrading the look and overall functionality of your rental goes a long way towards avoiding long-term vacancies. Moreover, depending on the type of upgrades you choose, you can raise the overall value of your property.
Even if you don’t have the time nor budget for a large-scale remodel, more affordable and simpler renovations can already add a lot of value. An Arlington property management company can help steer you towards which renovations offer maximum value for money.
Below are a few of the best renovation ideas to consider for your rental property.
Upgrading your kitchen countertops are an affordable project that can significantly change the look and feel of the room. Quartz and sealed, polished concrete are affordable yet beautiful countertop material options.
The kitchen is one of the most used areas in most homes, so elements in the kitchen are also among the first to show signs of wear and tear. For long-term results, invest in countertops that are extra durable, heat-resistant, scratch-resistant, and stain-resistant.
Bathroom renovations offer great value for money, generally allowing you to recoup more than half of your expenses. One recommended and high-value upgrade for bathrooms is to convert a walk-in shower into a bathtub and shower combo. This is especially important for master suite bathrooms, as some people only consider a “full bathroom” as one with a tub.
If the rental property already has a bathtub and shower stall, improve the counter space and storage area instead. Simple plumbing fixes and upgrades are much appreciated by potential renters, as well.
Curb appeal is one of the most important factors when renting out a house. After all, the outside of the building is the first thing interested parties see when they visit the property.
If your property has a front garden, invest in high-quality landscaping services to fix up the yard. We recommend hardy yet beautiful plants that future tenants can care for and keep alive without much stress.
Another good idea to upgrade your curb appeal is to replace the doors and windows of the property. For this year, double doors, geometric doors, and bold colors like yellows, teals, and blues are in style.
Upgrading the front doors and windows not only gives your facade a new look but can also help improve your house’s energy efficiency. This makes your property even more marketable.
Vacancy is the number one enemy of any landlord. However, not all property owners can devote all their time and effort into caring for and marketing their rental property. That’s why property management in Arlington is key to your success.
Working with professional and trusted Arlington property managers is the best way to stay on top of all necessary upgrades and fixes.
Our expert team at Arlington Realty Property Management can evaluate your house, suggest specific areas for renovations, and help you find the most qualified tenants to ensure your property doesn’t stay vacant for long — or at all!
Contact us today to learn more about our services.
