4 Ways to Upgrade Your Properties to Attract More Renters

When planning to upgrade your rental properties, maintaining low costs is usually a large consideration. Using the highest quality materials for the lowest price allows excess profitability and enormous benefits. Luckily, there are numerous ways to upgrade and enhance your existing renal properties in an affordable manner, which still brings in new tenants and immense resident satisfaction.

1. Replace Old Doors

Doors tend to become damaged fairy quickly, especially in rental properties. The majority of real estate investors ignore the damage entirely, or repair the damage inadequately with touch-up paint. Replacing old doors with brand new ones dramatically increases the visual appeal of a rental unit, for an affordable price.

2. Add Kitchen Backsplashes

Backsplashes bring both value and powerful visual appeal to your rental properties. Backsplashes are both durable and easy to maintain. Be careful when choosing a backsplash however; trendy backsplashes can look outdated and unappealing in the future.

When choosing a backsplash, find an affordable look which is both timeless and classic. Avoid trendy, bright colors and patterns. Neutral colored tiled and white subway tiles are both enduring in style and elegance. Frosted turquoise or lime green tiles might be trendy now, however these colors will outdate your property in the near future, and discourage rental tenants. Neutral tiles bring both elegance and tranquility to the ambiance of your kitchen.

3. Install Wood Flooring

Replace all carpets with gleaming hardwood floors. Carpets are never a good option for rental properties. Carpets quickly show damage, and appear dingy after minimal wear and tear.  Replace all carpets with gleaming hardwood floors. Wood flooring is more affordable and easier to maintain. Rental tenants typically prefer wood floors, since they are universally attractive and give the tenant freedom to decorate the apartment with rugs. Wood flooring is also highly cost effective; wood flooring rarely needs to be replaced, and fairy easy to fix when necessary.

4. Upgrade Bathroom Fixtures

Upgrade bathroom fixtures to give your rental property a taste of elegance, and your tenants a mini spa experience. Invest in modern bathroom fixtures and install timeless ceramic tiles. Install a glass shower to give your tenants a luxurious, enjoyable atmosphere.