Anyone that owns a and getting the most out of an is generally the goal, whether it , stocks or precious metals. has a few goals in mind. A main one is to maximize . In the end it is an
When it comes to a offering a better product can help increase the received, which in turn boosts the hitting your wallet! This post will cover inexpensive ways to put a better product on the market.
5 Inexpensive Improvements
1.) Resurface Kitchen Cabinets
Replacing kitchen cabinets is the complete opposite of inexpensive, but resurfacing then is very cost efficient. It can make the cabinets look worlds better and you don’t have to have new cabinets in a rental if they don’t have damage and are completely functional.
2.) Add a Backsplash
It’s amazing how adding a backsplash to the kitchen sink area can take the whole room from looking low budget to modern and fresh. It just gives an appeal that makes the place feel of more value.
When potential tenants are on their search a kitchen with nice cabinets and a backsplash will stand out in their mind compared to one without.
3.) Smart Tech Features
This can be something as simple as installing a NEST thermostat so tenants can easily manage the climate of the unit from their phone, thus increasing efficiency and keeping utility costs down.
4.) Update Flooring
Whether it is just a bathroom or maybe a single bedroom. Updating the flooring in a room to a more modern look and color that is in style helps go a long way. It is all about having one or two things that stand out and make a desirable tenant desire your property.
I almost didn’t list this one because it is kind of obvious. Painting is probably the most common update and turnover task in your .
However, this can still be a value add by adding an accent wall to liven up a room even if the existing paint is still in good shape. If you have paint left over from another property this becomes a no-brainer.
looking to get the most you can from your . is a business in the end, watching costs and paying attention to the value add from things you spend money on is integral. The above list are some ideas of inexpensive ways to add value, especially if you are an