Choosing the right make-ready rental renovations is essential for attracting high-quality tenants and securing solid rental rates. To turn a consistent profit in real estate investing, balance upgrades that fit the property and location with those that don’t add value.
The team at 1836 Property Management is experienced in property management in Austin and can guide you to the rental property renovations that deliver the biggest return on investment.
Below, we’ll discuss the top rental property renovations to do during the make-ready process.
Upgrade Kitchen
Whole house kitchen upgrades can be impressive but are often pricey. Remember the rental property is not your primary residence.
A new kitchen is not always necessary.
More important is ensuring all appliances and systems are in good working order. At 1836 Property Management, we’ve leased many homes with older kitchens, and we make sure that everything is clean and functional.
During the make-ready process, clean cabinets. Also, consider sanding and painting damaged ones to save money rather than replacing them.
Upgrade cabinet hardware for a more modern look at lower cost. A nice backsplash can also give your kitchen a unique finishing touch.
If you invest in one area, choose durable countertops. Higher upfront costs yield a noticeable impact and longer lifespan.
New Paint
Repainting the interior is an easy and cost-effective make-ready renovation.
Freshly painted walls have a huge impact on perception and resale value. The average ROI of interior painting is about 107%.
Fresh paint makes the property feel new and well maintained, reducing concerns from prospective renters about prior occupancy.
Fresh paint also highlights other features, making new countertops stand out against clean walls.
Clean and Replace Flooring
Nobody wants to walk on dirty or worn down flooring. At minimum, schedule a deep cleaning.
For hardwood floors, refinish if possible; replace if damage is beyond repair. Consider replacing carpet where present.
Replacing flooring can yield high ROI and is a smart make-ready renovation.
Upgrade Curb Appeal
The exterior is the first impression for prospective renters. Upgrading curb appeal makes the home inviting and encourages interior tours.
Curb appeal upgrades don’t have to be extensive. If the property is in good shape, simple steps can make a difference: mowing, trimming trees and bushes, fresh mulch and seasonal flowers and power washing.
For more impact, consider exterior painting, new planter, a paver walkway, or a refreshed front porch.
Cleaning up and upgrading your property’s landscape is a great way to increase its curb appeal. In addition to the things mentioned above, consider planting new evergreen shrubs and annual flowers. These are low maintenance for you and the tenant and make your property look very inviting.
These improvements also add long-term value to the property.
1836 Property Management Can Guide Your Rental Renovations
Making sure the home is ready for new tenants is vital to attracting high-quality residents.
At 1836 Property Management, we guide clients through the make-ready process, ensuring the right Austin upgrades are implemented in each property.
Reach 1836 Property Management at (512) 994-4323 or contact us for more information.
