Landlord Projects With A Big ROI
You know the importance of being a landlord who is hands-on. Making improvements to your property without having to invest in labor costs can increase the value of your units and help you make the most out of your investment.
Rents are higher for homes that are more attractive. When the competition is fierce, sometimes it's possible to increase your chances of getting a renewal.
Do-it-yourselfers should first consider what projects they want to tackle and then decide which ones to prioritize based on the return. Ask builders or real estate agents what features are most important to sell homes. Often, bathrooms and kitchens are the first two. How can a handy landlord improve these rooms at a reasonable cost?
Refresh Your Kitchen Surfaces
A kitchen is a gathering place. People gather here for everything from family meals to homework sessions after school. It is for this reason that it can be a great way to increase the rental's appeal.
Some fresh paint Brightening walls and new cabinet fronts can transform an ordinary kitchen into a welcoming space. These projects are easy and affordable.
The Countertop kitchen is where the action happens. You can choose from a variety of beautiful and durable materials to replace countertops. To make it easy to install, measure and consult your local hardware store.
Refacing cabinet doors This is an affordable alternative to buying new cabinets and doors. You can find measuring tools and kits at your local home improvement store to help you change the look of your existing cabinet doors.
You can make your room look completely new by adding new wall colors, painted or upgraded cabinet fronts, and countertops.
Remodel Your Bathroom
The master bathroom is the most suitable for renovations. The new, Modern wall paint Or Specialty wallpaper It can make your bath look brighter.
The VanitiesYou could replace the top and possibly the sink, faucet, and tile backsplash. You might consider a new shower curtain if the old one is too boring. Sliding glass shower door. It is easy to install most tub showers, and it looks even more elegant.
Let The Light Shine In
It's a common feeling that people feel happier when their rooms have sunlight. Skylights are another way to bring outside light into your home.
The newer tubular skylights are ideal for DIY landlords. These light fixtures don't require any structural work as they can be used with either a straight or flexible tube to bring the light from the roof to the ceiling.
Skylights strategically placed can make a big difference to the feeling of a home. Skylights are great for dark hallways, bathrooms, and kitchens.
Two holes are required to install tubular skylights: one in the roof and one in the ceiling. It is as simple or even easier than installing roof vents.
You Can Think Like A Renter
These types of small projects are best viewed as a way to imagine yourself living in your home and what improvements you could make to make it more comfortable. Home improvements can make your home more inviting and appealing.
When it comes time to choose between renewing the lease or moving, renters are more likely to stay in a home with a few nice upgrades and a landlord who wants to invest in making the rental property a desirable place to live -- so bust out your tools and give your rental a little love.