When you own investment properties, you may be focused on attracting more rent, preparing listings for sale, or improving the quality of life for your tenants. Fortunately, making home improvements is a great way to build value while simultaneously accomplishing your goals. Here are a few home improvement projects that will pay for themselves.

Best Home Improvement Projects for Investment Properties

1. Front Door Replacement

Creating a safe, comfortable environment is crucial for landlords, so think about replacing that dated front door with a strong, attractive steel version. Front door replacements will make tenants feel safe, which will attract more renters for consistent payments.

2. Kitchen Remodeling  

Most people spend a great deal of time in their kitchens preparing food, eating, and spending time with loved ones, which is why replacing those dated cabinets, counters, and appliances might be the perfect project for investment properties. Replacing old or outdated fixtures will attract renters, and many expect to pay more for large, open, and updated kitchens. Upgrading equipment and the layout will allow you to recoup the cost in rent payments.

3. Deck Addition

Often, renters yearn for their own private outdoor space, which can be difficult to offer when you rent out apartment buildings or multi-plexes. However, by adding a deck to your rental, you can give your tenants the chance to enjoy the outdoors on their own terms.

Whether you are thinking about improving a home or you want to boost the rent value of your investment properties, the team at Nova Property Management in Anchorage, AK, can help. In addition to working with property owners to maximize their listings, this experienced group of property managers can help you take care of your property, protecting your investment. Learn more about how they can help by visiting their website, and call (907) 522-1332 to schedule an appointment with a specialist.