Try These Easy Remodeling Projects For Your Rental Property

Posted on: 24 March 2016

When you have rental property, you want to keep it in good condition so that future tenants are interested in it. It is a good idea to look through the rental units after each tenant moves out so you can figure out what improvements need to be made. Here are some easy improvements to consider making with your rental property when you are between tenants.

Paint the Walls

A great way to improve the overall appearance of the rental unit or home is to give it a fresh coat of paint. This may not need to be done between every tenant, but if the previous tenant lived there for a year or more, it might be a good time to get it done. You can start by filling in any holes made from hanging pictures or artwork, then give it a fresh coat of paint. Choose the same colour or use this as an opportunity to follow with current painting trends. Consider adding an accent wall in the living room or going with a bright, sunny colour in the bathroom.

Add Energy-Efficient Appliances

If your tenants pay for their own electricity, energy, and water, they will appreciate having appliances to help save them money. For example, you can have a low-flow toilet installed in the bathroom so that less water is being used with each flush. You can replace all of the electrical appliances with more energy efficient ones, which helps to reduce how much the monthly bills are. This also lets you upgrade the appliances to stainless steel, which is a favorite among many people renting a home. While upgrading the appliances might cost a little more, they should last a long time, so it is a good investment.

Renovate the Kitchen

In addition to new appliances, the new renter might like to see other renovations in the kitchen. This is often the most used room of the household, so it is a great place to add more upgrades. For example, if the linoleum flooring is looking old and stained, consider replacing it with quality tile. You might want to replace the current countertops with ones made of granite or laminate, which can look like marble or granite. You can also replace the sink with a brand new one, or paint the cabinets and replace the hardware in the kitchen.

Keep in mind that with some improvements, you might be able to increase the amount you charge for rent due to the updates.

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Selling Old Homes in Contemporary Markets: A Real Estate Blog

Welcome to my real estate blog! My name is Karen, and I love old homes. Whether they are Victorians, Queen Anne, Queenslanders or any other type of old house, they appeal to me stylistically. However, not everyone sees the appeal. Others seem to see old wiring, leaky roofs and the other issues sometimes affiliated with older houses. All of these facts can make it hard to sell an old house in a contemporary market. However, I have sold several of my own 'old' houses, and I have helped friends sell theirs by recommending which repairs need to be done and which staging elements will help. If you want help selling an old home in a modern market, take a look at these posts. Thanks for reading!