Are you looking for ways to boost the value of your rental without spending a lot of money?
There are many opportunities to make your property shine without breaking the bank. These seven improvements will not only boost the exterior, they’ll increase the overall value of your rental.
Give the Yard A Makeover
Is your front lawn appealing? If not, think of ways to make upgrades. Where there’s dirt, put down grass or plant bushes. If there’s overgrown shrubbery, get out your clippers and start trimming. Remove any dead trees or foliage on your lawn. You may not have the funds for an entire landscaping renovation, and that’s okay. Just improve upon what you have to make it presentable to potential renters.
The outside of your building is the first impression renters have of your property. If prospects notice problems with the outside, they’ll immediately form a negative opinion. If you’re looking for quick and inexpensive enhancements, the outside is the ideal place to start.
Upgrade the Fence
Mismatching or missing pickets are disconcerting to renters. Improving your fence will ease those worries and increase the value of your rental. Your property’s fence should be able to fulfill its duty – protecting its residents. Ensure your entire fence looks cohesive and make it secure enough to serve its purpose.
Improve the Entryway
Upgrade your curb appeal with a welcoming doorway. The tenants who lease your apartment will be expecting guests at that entryway. Is it in a condition where they will feel proud to have people over?
Sweep it and dust for cobwebs. Fix all paint chipping and eroding wood surrounding the doorway. Make sure that prospective residents have a positive experience when entering your property.
Clean the Carpets
Nothing’s worse than dirty carpet. It reminds tenants that someone lived in a rental before them, and that’s not a desirable thought to have when settling into a new home.
Pay for a steam clean throughout the rental or rent a steam cleaner to tackle the project on your own. Cleaning the carpets is a relatively low cost improvement, yet has a very high impact on the appeal of your property.
Choose Appealing Paint Colors
The paint in each room should be matching. Very few people want a rental that has a different color paint in each room. When repainting, choose a muted color that’s universally appealing. Remember to keep a can of paint to touch up as needed.
Additionally, there shouldn’t be any holes, nails or screws in the wall. Fill in holes with spackle and cover the spackle with a color that matches the rest of the room.
Inspect the Appliances
Non-operating appliances decrease the value of your property. Inspect your appliances before putting your rental on the market to avoid discovering malfunctions after your property is rented. If the appliances don’t work the first time a renter uses them, they’ll lose confidence in your property from the very beginning.
Check the Drains
Having drains that operate well is another way you can improve the value of your property. Again, when a component of your rental isn’t functioning it becomes an inconvenience for your renters. Hire a plumber to check your drains to make certain they’re working properly.
Make Enhancements Before You Lease
Always make necessary improvements to your property before asking someone to sign a lease. Don’t expect a qualified resident to occupy the unit based on a promise that improvements will be made. Instead, make some of these low cost changes today to impress your future residents as soon as they pull up to your property.
Interested in learning more about increasing the value of your rental services we provide? Contact us today for a FREE consultation.