Upgrading a rental house does not need to be uneconomical or grueling. There are innumerable inexpensive or free practices to take a so-so rental property and boost its appeal to prospective tenants. By adding one or more hassle-free and simple touches, swapping out some hardware or fixtures, and doing a bit of affordable resurfacing, you can make your single-family rental property one that quality tenants will be quite eager to rent. As it turns out, with just five basic upgrades, you can essentially boost your Magnolia property’s appeal.
Changing Hardware and Fixtures
Replacing small hardware items like for example doorknobs and light fixtures is at the top of the list among small upgrades that can have a huge impact. Over time, hardware and light fixtures can tarnish or look dated. When this comes about, a rental home’s interior can leave a negative impression on prospective renters. Just by updating old light fixtures in key rooms, incorporating a ceiling fan in a bedroom, or setting matching door knobs, locks, and other hardware, you can create visual appeal that is far greater than the costs. Hardware and light fixtures don’t need to be fancy or unprofitably expensive; a rather basic fixture that looks clean and modern will most often do the trick.
Touching Up the Paint
While repainting a rental home’s interior is one definite way to develop that fresh, clean look tenants like, it is possible to bring about a similar effect by doing small touch-ups. Depending largely on the level of wear and tear, the exact interior may not need a full paint job in-between every tenant. If this is the situation in your rental property, painting an accent, the trim, or a few walls can successfully obtain the look of freshly painted walls without spending too much time or money.
Resurface the Countertops
The look of a rental home’s countertops can essentially impact the property’s overall appeal. Even more than other features, a stunning countertop can lend a kitchen or bathroom a custom look and an upgraded feel. The best thing is, installing granite or other expensive options is not necessary to gain this same result. There are so many different countertop resurfacing kits available in the market that can certainly give your old countertops an instant facelift without the designer price tag.
Don’t Forget the Details
Interior decorators have figured out that adding one or more small touches to a home can make a big difference. Magnolia property managers can follow that example. Fitting new cabinet handles and drawer pulls to a bland kitchen can add beauty and function, upgrading, in a flash, otherwise tired old cabinets.
Updated and matching faceplates are other details that can transform a home interior to feel more wonderfully put together. Cracked or mismatched faceplates can affect a room’s feel and visual appeal. You can certainly make each room in your rental house substantially more stunning by simply replacing each faceplate with new, matching ones.
In addition, take into account adding one or more tech-friendly touches! For relatively little money, you can put together smart updates to your rental home that tenants will like. For example, switch certain regular outlets in key areas to outlets with in-demand USB ports. You can even turn a GFCI outlet into a charging hub. Or, definitely think about getting a video doorbell, smart light bulbs or plugs, or a Wi-Fi-enabled garage door. The money you spend on these updates will surely add value to your property and make it effortless to attract quality tenants.
Landscape for Free
A rental home’s landscaping is a principal part of the property’s curb appeal and can even be one of the primary causes a tenant chooses your property over another. A clean, low-maintenance yard is ideal for rental homes, but tenants enjoy trees, flowers, and other beautifying elements. To add one or more low-cost colors and green to your rental’s yard, conscientiously check your local utility or city website. Some cities give away free trees or other plants to property owners. Additionally, be sure to check the “Free Stuff” section of your local classifieds. In these ads, people habitually advertise things they no longer need – that is to say shrubs and trees – to anyone who wants to come and get them. In this fashion, you can upgrade your property’s landscaping for no higher cost than a little elbow grease and a shovel.
Small upgrades can equal big returns regarding standing out in the rental market. With just a little time and selected fairly affordable purchases, you can upgrade your Magnolia rental property and your ability to pull in the kind of tenants you prefer.
Tired of doing it yourself? Why not give the Real Property Management Republic a call? It doesn’t matter if you possess one rental home or several; our goal is to protect and maximize your real estate investment. Backed by over 30 years of nationwide experience, our property managers are here to help rental homeowners increase rental income while lessening expenses and inefficiencies. Contact us online or call us at 281-362-5001 today.
Originally published on January 17, 2020
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