Renting out a home is an excellent way to earn extra income. To attract tenants, property managers often invest in appealing renovations. Below are some of the most popular options that will have potential renters moving into your building in no time. 

Which Renovations Should You Make Before Renting Your Property? 

1. Replace the Flooring

Carpeting is inexpensive and fairly durable, which makes it attractive to property managers; however, hardwood or tiled floors are more aesthetically pleasing to tenants. Before renting out your property, consider replacing the carpet in the living room and bedrooms with polished floors or porcelain tiles.

2. Update the Bathroom

The bathroom can often make or break the deal for renters. This is why property managers should always update these spaces before renting. Simple upgrades, like installing a new faucet, better lighting, or modern fixtures, can change the entire feel of the bathroom without breaking the bank.

3. Modernize the Kitchen

The kitchen is often considered the heart of the home, so renovate this area prior to renting out the property. Installing modern appliances, updating counters and cabinets, and adding an elegant backsplash can transform the kitchen. Opt for neutral colors that will appeal to everyone’s sense of style. 

4. Add Security

No one wants to live in a place where they don’t feel safe, so let potential tenants know that you take security seriously. Try reinforcing the locks and putting up a motion-activated security light. These are simple and inexpensive solutions that your clientele will appreciate.

5. Enhance the Landscaping

The first thing potential renters will see when pulling up to your property is the landscaping. A messy, overgrown front yard can form a negative first impression, so take steps to enhance your curb appeal. Keep the lawn well-maintained, plant some bushes, and start a garden to truly make your property stand out and attract renters.

 

By taking a few extra steps before renting out your building, you can attract a wide range of tenants and maximize your returns. If you’re a property manager who needs help, contact the team at Nova Property Management in Anchorage, AK. For more than 35 years, their real estate professionals have specialized in rental property management and investment properties, and they can help make managing your rental as easy as possible. Learn more by giving them a call at (907) 522-1332 or visit them online today.