Rental properties can either be money making machines or money pits. Like so many other things in life, however, by spending a little bit of money on your rental property, you can not only charge a higher rent, but you will attract better renters. When it comes to choosing the right renters, there are no 100% guarantees. Even the most well-off renters can trash a place and skip out on paying rent. There are ways, however, to at least hedge your bets and having a clean, attractive property that is attractive to solid renters is your best bet. Here are 5 quick tips for beautifying your property to attract the best renters.
- Paint an accent wall or two in a dark, neutral color
One of the things many renters hate about rental properties is bare white walls. While white walls fit in with any renter’s decorating scheme, an accent wall immediately makes your property look more high end. While some people may not care for the accent wall, the potential renters that will love it far outweigh the ones who might not.
- Do a simple renovation in the kitchen
Renters love knowing that their living space was recently upgraded and it doesn’t have to cost a fortune to do it. If you really want to create a splash, you can have cabinetry painted in a more modern color, but there are also simpler things you can do as well. Installing a tile backsplash or upgrading the hardware on cabinets will all go a long way to improve the look of the kitchen.
- Laminate floors
While carpeting may be significantly cheaper up front, carpet gets dirty fast and has to be replaced more often, particularly if renters have pets. Laminate floors are durable, long lasting and significantly more resistant to pet stains, odors and cat dander. Not to mention they give a high-end, modern look to your rental.
- Clean grout
Giving grout a thorough cleaning will freshen up the look of any tile and make it look brand new.
- Do a simple bathroom renovation
Much like with the kitchen, there are a number of simple bathroom renovations you can do to significantly enhance the look of the bathroom. Consider changing out bathroom hardware for something slightly more durable and modern, paint the vanity and change the hardware or even spend a few hundred dollars to update the bathtub.