If you own a single-family rental property, safeguarding your investment is essential. Refreshing your rental home helps keep its value up and attracts superior tenants. Knowing the right upgrades to invest in is crucial when enhancing your property.
We have exclusive information on the most cost-effective upgrades in Lexington. Top industry experts recommend upgrading your appliances, floors, and fixtures as key investments.
Such upgrades can increase both the value and attractiveness of your rental property, making it more desirable to prospective tenants. Why not invest a bit of care into your rental home and make it distinguish itself from the competition?
Modern Appliances
Appliances are usually the first detail prospective renters check when looking at a rental home. It’s essential to keep appliances in good condition, as outdated or malfunctioning ones can be a major turnoff for renters.
Regularly updating your rental property’s appliances ensures you maximize your investment. Upgrading doesn’t mean overspending on the latest technology; cost-effective models are sufficient. Select good quality appliances that have a uniform look and ideally are covered by a warranty.
Low-Maintenance Flooring
Upgraded flooring can significantly improve the value of your rental property and appeal to potential tenants. Usually, carpets in a rental home should be replaced every five years. New carpets can make your rental more appealing to discerning long-term tenants who prioritize well-maintained properties.
Keep other flooring types in optimal condition by regular cleaning and replacing them when necessary. Fresh grout for tile floors and replacing any dingy or damaged solid flooring will boost your rental property’s visual appeal. Quality, low-maintenance flooring is a wise investment that helps keep your rental property valuable and attractive to desirable tenants.
Enhanced Fixtures
Minor upgrades can make a substantial difference. Revitalizing common fixtures like faucets, ceiling fans, light fixtures, and window blinds is a powerful way to upgrade a rental property. Cost-efficient and straightforward to install, these fixtures are ideal for landlords in Lexington interested in property upgrades.
To keep your property valuable, it’s important to regularly renew fixtures. Replacing items like outlet covers and doorknobs can add a refined touch to a rental home, which tenants often value. Subtle changes can greatly improve the overall aesthetic and attractiveness of your rental property to renters.
Interested in boosting your rental property’s market value, improving tenant retention, or raising rental rates?
If so, consider simple upgrades through the affordable maintenance program by Real Property Management Commonwealth as the ideal solution. To learn more about how we can assist you, please contact us online or at 617-299-2342.
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