If you have a rental property, why not get the most income possible out of it month after month? There are many simple ways in which to increase the value of your property, and it is in your best interest to take advantage of as many of these opportunities as you possibly can to increase property and rent value. They won’t cost a ton of money to improve, but definitely pay off at the end of the day.
You’d be surprised at just how much better a nice scrubbing helps your home look, but it definitely does. Before you show your property, make sure that you take a couple of hours to clean… no area of the house is off limits. Clean the kitchen and the cabinets, the floors and the walls. Don’t forget to clean the windows, and hit the shower walls.
If the appliances in the rental are not up to par, replace them before the tenant moves in. If the appliances are fine, make sure that our scribe them down to give them a nice shine. Prospective tenants are attracted to appliances. In fact, this is one of the biggest factors in a rental! Shine those appliances.
What does the floor in the kitchen look like? If there’s rips and tears, is time to replace. Linoleum is very inexpensive and one of the most popular kitchen floor types. Replacing the flooding in the kitchen will make a tremendous difference in the appeal, and it will attract better renters your way.
Add a Fresh Coat of Paint
It is amazing what a little bit of paint will do, especially when you want to increase the value of your property. You’ll gain a modern look and more money. Does it get any better?
Improve the Grounds
You can do lots of landscaping to keep your home looking its best. Keep the lawn trimmed, the shrubbery at its best and the flowers colorful and fun. And, think about adding a shed or other type of outside storage building to the property. The renters will thank you, and you’ll get more money each month.
These are just some of the many different ways you can increase the value of your income property. Put these tips to good use, and in no time at all you’ll have tons of extra money coming in your hands! These are all tricks that anyone can easily do so why not?