Property Management – Granada Hills
How Can You Increase Your Rental Value?
Most people who are looking to increase the profit that they earn on their rental properties in Las Vegas are always wanting to find new ways to improve the home and increase what they can charge each month. By having a rental property that has a higher value with the functionality and design, it can lead to tenants willing to pay morewith small changes that are worth the investment.
1. Paint the Property
Painting a rental property is one of the easiest and most affordable steps to increasing its value by transforming the appearance of the home. For an investment that can cost under $500, it’s a simple way of updating the home and allowing it to look contemporary.
You can also consider removing popcorn ceilings in each room and repainting them a neutral shade to prevent having the property look dated. Add new crown molding for a finishing touch that will complete the look of the walls.
2. Update the Kitchen
The kitchen is the most important room in the home that renters notice when visiting the property. They want a functional space that looks updated and beautiful in design. Consider adding a backsplash underneath the cabinets or installing a kitchen island for extra counter space. Install recessed lighting overhead for an incredible way of creating a cozy touch to the space.
3. Install New Windows
Renters will appreciate moving into a property that has new double pane windows installed, which will improve the energy efficiency of the home and even block out noise from the outdoors. It will also update the look of the property and assure potential renters that the space has been maintained well.
4. Install New Hardware
A great way to add instant appeal to the interior of the home is to add new hardware to the bathroom and kitchen for an easy DIY project. Instead of replacing the cabinets or doors, updated hardware will allow the space to look fresh to potential renters. This includes installing new light switches, outlets, and door handles for a home that feels comfortable and well-maintained.
In addition to adding updated hardware, new overhead ceiling fans should also be installed for an affordable upgrade that costs under $100. The addition will improve the energy efficiency in the home and can reduce the cost of relying on an HVAC system throughout the year.
5. Plant New Flowers
Your rental property’s curb appeal will ultimately make the first impression on potential renters. Keep shrubs trimmed, plant seasonal flowers, and consider installing a new mailbox or shutters on the windows. Painting the front door a bold color will also enhance the style of the home for a feature that works as a focal point.
From: http://swmglv.com/blog/
Carnahan Property Management Services Woodland Hills,West Hills,Bell Canyon, Hidden Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, WestLake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 to check if we can service your area. 60+ years of service.
