If you own a single-family rental property, safeguarding your investment is essential. Upgrading your rental property can sustain its value and entice quality tenants. It’s essential to discern which upgrades provide the best investment return.
Good news—we have inside information on the best upgrades for your investment in Logan. Industry leaders recommend upgrading appliances, floors, and fixtures as the top three enhancements.
Such upgrades can increase both the value and attractiveness of your rental property, making it more desirable to prospective tenants. So, why not spruce up your rental home and help it differentiate from the rest?
Modern Appliances
Appliances often top the list of inquiries from prospective renters when leasing a home. Keeping appliances up-to-date and functional is key to avoiding deal-breakers for renters and ensuring long-term retention.
Ensuring your rental property’s appliances are frequently upgraded is key to getting the most out of your investment. There’s no need to overspend on the latest and greatest appliances; affordable models work just as well. Choose appliances that are not only good quality but also cohesive in appearance and come with a warranty if possible.
Low-Maintenance Flooring
Improving the flooring in your rental property can significantly increase its value and attract prospective tenants. Carpets in rental properties usually last about five years before they need to be replaced. Installing fresh carpeting is a draw for quality tenants looking for well-maintained residences.
Regular cleaning and timely replacement are essential for maintaining other types of flooring. Tile floors need new grout to look their best, and replacing any dingy, torn, or damaged solid surface flooring will enhance your rental’s appearance. Investing in durable, low-maintenance flooring can sustain your rental property’s value and appeal to excellent tenants.
Enhanced Fixtures
Small enhancements can have significant impacts. A highly effective upgrade for rental properties involves refreshing fixtures, including faucets, lighting, ceiling fans, and blinds. Landlords in Logan will find these fixtures ideal due to their low cost and ease of replacement.
Regular updates of fixtures are essential to preserve your property’s value. Minor hardware upgrades, such as new doorknobs and outlet covers, can significantly improve a rental’s ambiance and tenant appeal. Subtle changes can greatly improve the overall aesthetic and attractiveness of your rental property to renters.
Seeking to elevate your rental property’s value, retain residents more effectively, or increase rent levels?
If yes, Real Property Management Cache Valley’s affordable maintenance program, which includes simple upgrades, could be your solution. To learn more about how we can assist you, please contact us online or at 435-753-5200.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
