It’s frustrating when you have a solid, well-built rental property that does not remain consistently rented or bring in the rates of other similar units in the area. If the basics of roof, foundation, plumbing, and electricity are sound, perhaps all your property needs are some quick and easy cosmetic embellishments.
Here are some inexpensive steps you can take to add to the appeal of your rental property.
Apply Some Fresh Paint
Adding a coat of paint provides a fresh, vibrant look to a rental property, and most owners can save a considerable amount of money by doing it themselves. Traditional beige or white always adds brightness, or consider a slightly different ambiance by choosing a soft pastel or light gray color.
Add New Carpets
Old carpeting has a tendency to absorb and retain odors and appear worn out. Get rid of shabby carpets, and replace them with new, clean, fresh-smelling floor coverings.
Change the Appliances
Old appliances are often outdated, unsightly, energy-consuming, and expensive due to the necessity of frequent repairs. To avoid these problems and make your property more attractive to prospective renters, change out the old appliances and get shiny, fresh, energy-efficient ones. New appliances usually come with warranties and are much less likely to break down and require costly repairs.
Upgrade Window Treatments
Window treatments not only contribute to the ambiance of rooms, but also provide comfort in helping to regulate temperature. Cheap blinds look drab and break easily, while investing a little more gives them an attractive appearance and greater durability. Consider motorized blinds, which are a higher-tech selling point to renters.
Spruce Up the Exterior
Before prospective tenants ever see the interior of your rental property, they are exposed to the exterior. Make their first impression a positive one with mown lawns, trimmed hedges and bushes, fresh flowers in the garden, and pressure-washed surfaces.
For more advice on making rental properties appealing, look to BizCap Commercial Finance.