The key to maximizing rental value is all about the little things. Even a small improvement can lead to significant increases in rent prices and Rental Value. In this blog post, we will share 5 home improvements that you can make to increase Rental Price for your property!
Take a look at improving your landscaping
A beautiful home will have a higher Rental Value, meaning you can charge more rent. Ranging from simple solutions, such as trimming trees, creating a pond or planting flowers to more complex solutions, such as installing a pool, there are many ways you can improve your landscaping to add significant value without breaking the bank.
Keep your walls freshly painted
Some Rental Properties will require tenants to paint the interior themselves. If you’re not into letting your property go without a fresh coat of paint, or if you don’t want to risk having the walls repainted by someone else and costing yourself money in the long-run, it might be worth considering painting rooms before it’s time to search for a new tenant.
Renovate your bathrooms and bedrooms
Freshen up your Rental Property by renovating bathrooms and bedrooms. This can range from simple upgrades, such as a new tub or shower head to more complex updates like installing a water-saving toilet or replacing an old carpet with hardwood flooring.
Increase the number of living spaces or bathrooms
Adding a second bathroom or an extra bedroom can turn your Rental Property into an investment where you have the potential for even more tenants on the same lease. In addition to that, creating more bedrooms will allow you to accommodate larger families looking for Rental Properties with plenty of room!
Make the property pet friendly
Pets are a Rental Property’s best friend. Pet-friendly homes can considerably increase the attractiveness of your home to potential tenants. By opening up your investment property to pets, you’re opening up your chances of a higher rental return!