Many people assume that upgrading a rental house is expensive or difficult, but if you do it smartly, it doesn’t have to be either. There are, in fact, many inexpensive or free ways to turn a so-so property into one that greatly appeals to prospective tenants. By doing a little low-cost resurfacing, and by swapping out some hardware or fixtures, you can improve your single-family rental property. By doing these simple touches, your rental home could be one that quality tenants will be eager to rent. In fact, you can significantly boost your Ranchos Palos Verdes property’s appeal with these five simple upgrades.
1.Don’t Forget the Details
Interior decorators are well aware of the fact that a little goes a long way. If you add just a few small touches to a home in the right places, you can make a world of difference. This also goes for single-family rental homes. Removing cabinet handles and drawer pulls and replacing them with new ones can add both beauty and function. This would be an immediate upgrade to otherwise tired old cabinets.
Another thing that can help make a home interior feel more put together are faceplates. Cracked or mismatched faceplates can affect the feel and visual appeal of a room, really dragging it down. By the simple act of replacing each faceplate with new, matching ones, you can make each room in your rental house much more attractive.
2.Changing Hardware and Fixtures
Just as small details like faceplates and cabinet handles can have a big impact, so too can replacing small hardware items (like doorknobs) and light fixtures. After years of use, hardware and light fixtures can tarnish, making them look worn out and old. When this occurs, a rental home’s interior may no longer impress a prospective renter. Instead, it may leave them with a negative impression. But by doing the simple act of updating old light fixtures in key rooms, adding a ceiling fan in a bedroom, or adding matching doorknobs, locks, and other hardware, you can produce a visual appeal far in excess of its cost. Hardware and light fixtures don’t have to cost you a lot or seem overly fancy. A basic fixture that looks both clean and modern is just fine.
3.Spot Paint the Walls
Repainting a rental home’s walls is one way to achieve that fresh, clean look tenants love, but it is possible to achieve a similar effect by doing small touch-ups as well. It really boils down to the amount of wear and tears your walls have endured, but it is quite unlikely that you’d need a full paint job between every tenant. If you’ve saved paint or paint chips from your last paint job, then you could simply fill in any nail holes or other damaged areas with putty and then paint over the repaired patches. This way, you won’t spend too much time or money to get that look of freshly painted walls.
4.Resurface the Countertops
The countertops do significantly impact the overall appeal of a property. With a beautiful countertop, you can lend the kitchen or bathroom a custom look and an upgraded feel that would greatly improve the appeal of your rental home. Fortunately, it is not necessary to install granite or other expensive options to achieve this same result. There are many different countertop resurfacing kits available that can give your old countertops an instant facelift without the designer price tag.
5.Landscape for Free
A rental home’s landscaping is a significant part of a property’s curb appeal and can even be the reason why a tenant would choose your property over another. A clean, low-maintenance yard is ideal for rental homes, but tenants enjoy trees, flowers, and other beautifying elements as well. To add some low-cost color and green to your rental’s yard, you may want to check your local utility or city website first. A lot of cities give away free trees or other plants to help the environment. Property owners are welcome to avail of this. Also, remember to check the “Free Stuff” section of your local classifieds. In these ads, you’d see that people would advertise just about anything they no longer need– including shrubs and trees. In this way, you can upgrade your property’s landscaping for no more than the cost of a little elbow grease and a shovel.
When it comes to being distinct in the rental market, small upgrades can equal big returns. With a few low-cost purchases and a bit of time, you can easily upgrade your Ranchos Palos Verdes rental property and your capability to lure in the kinds of tenants you need.
Eager to pass this responsibility off to someone else? Try giving Real Property Management California Coast a call. Whether you own one or several rental homes, our goal is always to protect and maximize your real estate investment. Our group of skilled Ranchos Palos Verdes property managers, bolstered by over 30 years of nationwide experience, is ready to assist rental homeowners to maximize rental income while minimizing expenses and inefficiencies. Contact us online or give us a call at 310-535-2150 today.
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