For single-family rental property owners, protecting your investment is a top priority. Upgrading your rental property can sustain its value and entice quality tenants. Nevertheless, it’s crucial to know which upgrades are worth investing in.
You’re in luck, as we have insider tips on the top upgrades that make sense financially in H Street Corridor. Industry leaders recommend upgrading appliances, floors, and fixtures as the top three enhancements.
These enhancements will add value and appeal to your rental property, drawing in potential tenants. Why not invest a bit of care into your rental home and make it distinguish itself from the competition?
Modern Appliances
Appliances are usually the first detail prospective renters check when looking at a rental home. To retain tenants long-term, it’s crucial to maintain appliances, as old or faulty ones can drive renters away.
Regular upgrades to your rental property’s appliances are a smart way to get the most value for your money. However, you don’t have to spend excessively on the most advanced high-tech appliances. Opt for high-quality appliances that match and preferably include a warranty.
Low-Maintenance Flooring
Renewing the floors of your rental property is an excellent method to enhance its appeal and value, attracting potential tenants. Generally, the lifespan of carpets in a rental home is five years, after which replacement is essential. New carpeting can attract high-quality, long-term tenants who appreciate a well-kept home.
Other flooring types also require regular cleaning and should be replaced as necessary. Fresh grout for tile floors and replacing any dingy or damaged solid flooring will boost your rental property’s visual appeal. 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. Significant enhancements to rental properties can be achieved by updating key fixtures such as faucets, light fixtures, ceiling fans, and blinds. Given their affordability and ease of installation, these fixtures are perfect for H Street Corridor landlords seeking property improvements.
Regular updates of fixtures are essential to preserve your property’s value. Upgrading small details like outlet covers and doorknobs can give a rental home a more polished look that tenants appreciate. Minor changes can have a major impact on how your rental property looks and how desirable it is to potential tenants.
Are you focused on enhancing the market value of your rental property, retaining residents longer, or increasing the rent?
If you answered yes, Real Property Management Washington DC offers an affordable maintenance program with simple upgrades that could be your solution. To learn more about how we can assist you, please contact us online or at 202-813-9993.
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