Rental Property Renovation

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Expert Tips to Get the Most Out of Your Rental Property

“There’s no bigger enemy to a landlord than a vacancy,” says property owner Laura Agadoni. Getting and keeping renters is an important talent for landlords to master. Rental properties should be comfortable, attractive and functional to appeal to prospective tenants but still be a blank canvas for tenants to make their own.

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Rental Property Renovations to Increase Value


Kitchen Remodelling


“What I personally have found that gives me a great return on investment is updating anything to do with the kitchen, especially the appliances,” Agadoni says. “I often get a rental property with a variety of mismatched appliances. I’ll work with the newest one and replace all the older ones to match it.” Matching the finishes of the oven, refrigerator, dishwasher and microwave will instantly give the kitchen a more cohesive look. You don’t need to spring for top-of-the-line products, but upgrading will increase the kitchen’s functionality, which is a huge win for renters.


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Renovate the Bathroom

Because an up-to-date bathroom is something many potential tenants look for, remodeling this area of your rental is important. At the very least, some of the easiest improvements include replacing the toilet seat – or the entire toilet if necessary – adding a new shower head and updating the faucet and cabinet hardware. If you’re working with a small bathroom, do what you can to maximize the space and provide storage. This will give tenants a functional space, which is valuable but hard to find.


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Update Curb Appeal


The outside of the building is the first thing your future tenants will notice, so be sure to make a good first impression. Landscape the front lawn, but keep it low-maintenance and inexpensive so it doesn’t require much attention from either you or the renter. Or something as simple as replacing or painting the front door can be an eye-catching change that gives the property an updated look. Here are some other ideas to step up your curb appeal and attract tenants to your property:
  • Plant new grass.
  • Add a small garden.
  • Paint the entire exterior.
  • Trim back trees and shrubs.
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Install New Floors

The survey revealed that hardwood was the number one material used to replace the previous floors Hardwood is a popular material because it looks modern and it’s easy to clean. Carpet, on the other hand, is not often sought-after in rental properties because it can trap smells and requires more maintenance. When you’re working through your rental property renovations, replace the floors last. Other projects can produce a lot of dirt and dust, so installing floors at the end will keep them looking their best. However, in the kitchen, save appliance installation for last and put the new floors in just before.


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Paint and Update Easy Fixes


Paint: Keep the walls neutral to give potential renters a blank canvas to work with. You might also consider offering to paint the walls the renter’s choice of color, whether that be the entire interior, a particular room or an accent wall

 Update: Install new light fixtures to modernize the space and brighten the rooms. Updating cabinet handles, door knobs and blinds are also quick and easy fixes.



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