Owning a single-family rental property means you need to focus on protecting your investment. Refreshing your rental home helps keep its value up and attracts superior tenants. Identifying which upgrades are worth the investment is key.
We can share insider knowledge about the most worthwhile upgrades in Riverside. Industry experts suggest the three best upgrades to consider are your appliances, flooring, and fixtures.
Such upgrades can increase both the value and attractiveness of your rental property, making it more desirable to prospective tenants. Why not show your rental property some love and make it stand out from the competition?
Modern Appliances
The first thing prospective renters usually inquire about when renting a home is the appliances. Outdated or broken appliances can deter renters, making it vital to keep them well-maintained for tenant retention.
Regular upgrades to your rental property’s appliances are a smart way to get the most value for your money. Upgrading doesn’t mean overspending on the latest technology; cost-effective models are sufficient. Opt for high-quality appliances that match and preferably include a warranty.
Low-Maintenance Flooring
Enhancing your rental property with new flooring is an effective way to raise its value and draw in tenants. Usually, carpets in a rental home should be replaced every five years. Quality, new carpeting appeals to long-term residents who value home maintenance.
Other flooring types also require regular cleaning and should be replaced as necessary. Re-grouting tile floors and replacing damaged solid surface flooring can significantly enhance your rental property’s aesthetic. Choose high-quality, easy-to-maintain flooring to ensure your rental property remains appealing and retains its value.
Enhanced Fixtures
Even small changes can yield big results. Renovating fixtures such as faucets, lighting, ceiling fans, and blinds can significantly improve a rental property. These easily replaceable and cost-effective fixtures make an excellent option for landlords in Riverside aiming to upgrade their properties.
Regular fixture updates are vital for maintaining the value of your property. Furthermore, changing out small hardware like outlet covers and doorknobs can significantly enhance the feel of a rental home, much to the delight of tenants. Small alterations can significantly boost the visual appeal and attractiveness of your rental property to potential tenants.
Do you want to increase your rental property’s market value, improve tenant retention, or raise rents?
Answered yes? Simple, cost-effective upgrades provided by Real Property Management Integrity‘s maintenance program might be the answer. To learn more about how we can assist you, please contact us online or at 951-530-1600.
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