Owning a single-family rental property means you need to focus on protecting your investment. Renovating your rental property can preserve its value and draw in quality tenants. Knowing the right upgrades to invest in is crucial when enhancing your property.
Good news—we have inside information on the best upgrades for your investment in Brentwood. Industry experts suggest the three best upgrades to consider are your appliances, flooring, and fixtures.
Such upgrades can increase both the value and attractiveness of your rental property, making it more desirable to prospective tenants. Why not show your rental property some love and make it stand out from the competition?
Modern Appliances
Appliances are usually the first detail prospective renters check when looking at a rental home. It’s essential to keep appliances in good condition, as outdated or malfunctioning ones can be a major turnoff for renters.
To optimize your investment, regularly refreshing your rental property’s appliances is advisable. It’s not necessary to splurge on cutting-edge appliances; reasonably priced models are adequate. Aim for appliances that are well-made, have a consistent style, and come with a warranty where possible.
Low-Maintenance Flooring
Renewing the floors of your rental property is an excellent method to enhance its appeal and value, attracting potential tenants. Carpets in rental properties usually last about five years before they need to be replaced. Installing fresh carpeting is a draw for quality tenants looking for well-maintained residences.
Moreover, maintain and replace other flooring types as needed to keep them in top condition. Re-grouting tile floors and replacing damaged solid surface flooring can significantly enhance your rental property’s aesthetic. Quality, easy-care flooring ensures your rental stays desirable to top-notch tenants and retains its market value.
Enhanced Fixtures
Minor upgrades can make a substantial difference. Revitalizing common fixtures like faucets, ceiling fans, light fixtures, and window blinds is a powerful way to upgrade a rental property. These easily replaceable and cost-effective fixtures make an excellent option for landlords in Brentwood aiming to upgrade their properties.
Regular updates of fixtures are essential to preserve your property’s value. Upgrading small details like outlet covers and doorknobs can give a rental home a more polished look that tenants appreciate. Small alterations can significantly boost the visual appeal and attractiveness of your rental property to potential tenants.
Are you aiming to enhance your rental’s market value, better retain tenants, or up the rent?
Answered yes? Simple, cost-effective upgrades provided by Real Property Management Titan‘s maintenance program might be the answer. To learn more about how we can assist you, please contact us online or at 615-538-7711.
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