There’s maintaining your rental property in Phenix City, which most landlords understand they must do.
There’s also updating and upgrading your property, which is also essential.
A few small updates can make a surprising difference in what you earn and the quality of tenants you attract. These updates can not only enhance the property’s value but also keep your best residents happy with where they’re living.
What should you do first, and how can you make renovations and improvements without going over-budget?
We have some ideas, and we’re sharing them with you today.
Put Some Paint on the Walls
One of the simplest and most effective ways to spruce up your rental property is to completely paint the walls. This update is relatively affordable and can be done by any competent painter. A fresh coat of paint not only makes the space brighter, but also creates a more welcoming, homey, and personalized space for your renters. Consider choosing neutral colors that would appeal to a broad range of renters and always select durable, high quality paint so you don’t find yourself re-painting every single year.
Focus on Upgrades to Kitchen Fixtures
In a Phenix City rental property, the kitchen is one of the most important rooms for tenants and, therefore, a great place to give a little extra attention.
A few small updates will help such as:
- Replacing old and worn appliances with energy-efficient models
- Replacing fixtures
- Installing backsplash behind the sink or stove.
- Update the sink, faucets, and cabinets.
- Install better lighting to make the space more inviting and functional.
A modern kitchen with attractive appliances and ample storage can make all the difference when it comes to attracting and retaining high quality tenants.
Switch to Hard Surface Flooring
This may not seem like a “small” update, but it can be when you take one section of your property at a time. Keep the carpet in the bedrooms (make sure it’s clean), but consider hard surface flooring in the living room. Hardwood, laminate, or vinyl floors are durable, stain-resistant, and easy to clean, making them perfect for rental properties. They also give the property a modern, polished and stylish look.
Pay Attention to Your Curb Appeal
First impressions always count, and the first thing your tenants see when they pull up to your property is the exterior and the landscape. Landscaping is, without a doubt, one of the easiest and most effective ways to enhance your property’s curb appeal. Consider the addition of greenery, keeping the lawn well-manicured and presentable. Give prospective tenants a good reason to go inside the home.
Simple updates to your rental property can go a long way, both in terms of keeping existing tenants satisfied and attracting new ones. It does not have to be expensive. You can significantly improve the space’s appearance, making it more inviting for your tenants and increasing the property’s value. Consider these updates as a long-term investment that can have a big payoff now and in the future.
The updates that are best for you depend on your specific property, and we’d be happy to take a look at what you’re working with. Please contact us at Bickerstaff Parham Property Management for all of your Columbus and Phenix City property management needs.
