If you are interested in renting out your property, it would be well worth your while to renovate it prior to inviting prospective tents to take a look. From multiple small fixes such as changing the door handles and polishing the brassware, to full-on larger projects such as adding bathrooms and knocking down walls. Rest assured that there is a lot you can do if you want to spruce up your property. However, it is imperative that you opt only for those renovations that actually add both living comforts as well as curb value to your property. Let us take a quick look at some of the more popular renovations that attract good renters:
- A large and up-to-date kitchen
Mismatched appliances are the bane of renters looking for a comfortable place for their families. It would be a great idea to match the overall finish of the kitchen with the dishwasher, cooking range, microwave, and fridge. Not only will this give your kitchen a much more cohesive look, but you also won’t have to spring for really expensive products and appliances. This way, you will be able to increase both the aesthetic as well as the functional value of the kitchen and that is a major win for most people looking for a place to rent. You should consider giving some extra attention to the cabinets and the countertop, you can go for Ready-to-Assemble Cabinets made of wood for a classic look. If you go for heat, scratch, and stain-proof granite countertop, you will have to spend a bit more money upfront, but in the long run, you will be able to recover it all.
- Remodel your bathroom
Contrary to what many people think, renovated and modernized washrooms are right up there on the priority list of most potential tenants. In fact, they actually look for such bathrooms since it’s a make-or-break deal for them. If you don’t want to splurge on a full-on major bathroom remodeling project, just replace broken sinks, toilet seats, and other small stuff. You should also seriously think about adding a new shower stall or showerhead as well as updating the old and dilapidated cabinet hardware and faucets. Lastly, you can maximize space to provide storage and maximize space.
- Hire the right people
If you are interested in contacting a property management group that can consult you on ways how to go around with your property that you want to rent out then get in touch with the professionals at the MD Squared property group. They are the tried, tested, and proven experts in this field, and they will definitely help you tremendously when it comes to making your property and documents ready prior to renting it out. You can also consult them for small-scale projects too, in case you want to do only small-scale renovations to your property.
- Update the curb appeal for your property
You always want to make a great first impression. That is only possible if the outside of the building is in neat and clean condition. Hire a professional soft and hard power-washing outfit to clean the exterior walls and roof of the years of accumulated dirt, bird droppings, and grime. Apart from that, you should also make sure that the lawn is trim and properly landscaped with a few flower beds located fetchingly out front. You can also replace the paint on the external walls, fences, and gates. Try and make it all low maintenance so you won’t have to keep spending money on it, nor should your renters have to do the same. You can spruce up the garage so as to give the property a more eye-catching look.
- Install new flooring
If you do everything right, but your flooring consists of moldy old carpets or crumbling mosaic and tiles, you have a major problem on your hands. It can dampen the enthusiasm of many, if not most renters. However, getting inexpensive but flashy-looking new flooring can get the job done and potential tenants will see that you take good care of your property so that they will do the same.
These are all things that attract tenants even in different cities whether you’re leasing in new York, London, Rome, or Munich, you still need to renovate and provide proper living conditions for your tenants.
If you are interested in renting your property, you should update your kitchen, bathrooms, and exterior of the house. You should consider hiring experts like the MDsquared property group to help you accomplish your tasks.