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Upgrading a Rental: What’s Worth the Investment?

You probably think about making upgrades to your own home on a regular basis. But how often do you think about making upgrades to your rental property? If you use a property manager, you probably don’t think about your rental property very often. Don’t forget, though, that this property is your investment and it needs care in order to keep improving the house’s equity and rental appeal. So, if you need to make improvements to your house for rent in the Jonesboro area, it’s important to know which upgrades and improvements are the best ones for your return on investment (ROI). We’ve dug into the myriad of information available and whittled it down to these handful of upgrades that can provide you with a good ROI for your house for rent.

Kitchens and Bathrooms

The main upgrades you want to focus on in any home revolve around the kitchen and bathrooms. Reasonable upgrades to any of these rooms can improve both the desirability of the home and the equity. Upgrades to kitchens can include improved lighting, new appliances, visually appealing and functional cabinets, and sturdy countertops. Never pick out upgrade materials based on what you would want in your own home. Try to choose colors that are neutral and remember not to overspend on a project, because this is a rental property, not your own home.

Fixtures

Fixtures can make a big difference in any room. Having good lighting in each room and new fixtures can really make a difference. This can also include all bathroom fixtures. Good bathroom fixtures can take any house for rent and make it seem more like a home. These little touches can also show renters that you care about their comfort in the home and that you care about taking care of the property.

Minor Landscaping

We’ve talked a lot about how first impressions can make a big difference in the desirability of a rental property. Minor landscaping improvement can both improve first impressions and can also make providing care easier. If you landscape knowing that you are going to offer it as a house for rent, you’re investing in the future of the yard. Many renters struggle to maintain yards, but xeriscaping or another very simple landscape can be much easier to maintain.

Durable Flooring

Flooring is the continual bane of existence for rental home owners. By investing in durable, functional flooring from the beginning, you’re saving yourself money on having to replace flooring prematurally down the road. Carpet is a tricky one, but always opt to clean carpet before you decide to have it replaced. When you do choose flooring, choose neutral colors and options that are meant to resist scratching and staining.

Taking the time to upgrade your house for rent in the Jonesboro area will provide you with equity gains and can also improve your house’s rentability. Upgrades help to show that you care about your property and your tenants. Let us help you take care of your house for rent here at Real Property Management Central Arkansas with our property management services! Call today to find out more!

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.