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Summer is right around the corner, and with it comes the opportunity to make those much-needed improvements to your rental property. Investment property renovation is essential for ensuring your house stands apart from the rest and attracts the high-quality renter’s landlords love! With the housing market booming and rental properties in high demand, there’s never been a better time to make the upgrades that will ensure you get top dollar. This list of the top summer rental improvement projects will help you increase your rental’s value, giving you the most bang for your buck!
Many people don’t realize the impact lighting has on the look and feel of a home, which translates to lost revenue if done improperly. By improving the lighting throughout the house, you can make it feel larger, look more inviting, and increase its value. Consider adding recessed lighting in high traffic areas like the kitchen and living room and attractive fixtures that double as a design element in dining areas and bedrooms. A few simple changes can make a world of difference in the space.
Paint is one of the most cost-effective yet impactful renovations you can make in your investment property. Consider using light colors to make the house feel larger and appeal to a wide range of tenants. If you want to add a splash of color through an accent wall, stick to neutrals that are bold yet not niche specific. Taupes, greys, and browns are excellent options that add color without being too aggressive and scaring off renters.
The front door welcomes renters into the home and ensuring it has a “wow” factor sets the stage for what they can expect as they enter. Choosing a statement door gives the house a feeling of grandeur and makes it feel luxurious and expensive. It’s a simple change with a significant impact!
The exterior of your property is the first thing renters see when they approach the house, so it’s vital to make it stand out from the rest. Updating your curb appeal is an excellent way to increase the property’s value, with even small changes making a big difference. You can add stone veneer, replace the garage door, update exterior light fixtures, and fill in cracks along the drive and walkways to give the property a fresh look. Don’t underestimate the power that small changes make on the home’s appearance.
Kitchen and bathrooms rent houses, so ensuring yours are updated is vital. Depending on your budget, you can paint the cabinets, replace the countertops, update the appliances, and replace the fixtures to make the space feel modern and inviting. Be sure to choose qualified contractors for larger projects like countertops and flooring!
Making the updates your rental needs can bring you top dollar, but only if you choose the right investment property renovation contractors. To help ensure you connect with the best in the field, turn to Renozee. The Renozee app makes finding contractors faster and easier than ever. You simply post your project and receive bids from local specialized contractors. There’s no limit to the number of bids you can receive, so you can choose the contractor that’s right for you. Don’t leave your investment property renovation projects to just anyone; download the Renozee app today and see the difference it makes in your next renovation project!
Download the Renozee App today to get connected to the most qualified contractors in town!