If you’re a property owner, you know how hard it is to make your rental income grow. More than likely, you also know that when you make improvements for your rental, you increase your property value. However, many property managers avoid doing this due to the cost. If you want to enhance the value of your property without spending a fortune, there are some simple things you can do. Here are three quick improvements you can make that will have a big impact on your cash flow.
Add Plants to Your Entryway
If you want to make simple improvements for your rental without breaking your budget, look to your entryway. This is the first thing renters see before they step inside. Is it welcoming, or not? Dark, unkempt, and colorless spaces can be uninviting. However, you don’t have to re-envision the entire area to improve it. Plants are inexpensive, and they don’t require costly maintenance. Why not select a few potted plants to place near the main entrance or in your lobby? Your tenants will be delighted, and this easy improvement will help you make a great first impression.
Replace Faucets and Small Fixtures
Some property owners think they need to have all the bells and whistles to attract tenants. They also believe they need to spend a lot of money to stand out in the market. This couldn’t be further from the truth. In fact, you’d be surprised by how easy it is to make effective improvements for your rental. One great idea is to replace faucets, cabinet knobs, door knobs and other small fixtures. Little details can make a massive impact, especially in smaller spaces. When renovated, these basic objects can transform a dull room and make it more appealing.
Natural lighting can do a lot for a space, but not every rental property includes several windows. If you’re looking to make successful improvements for your rental, lighting is key. It can even decide if a tenant chooses your property or takes their business elsewhere. You don’t have to install outlandish lighting fixtures or statement pieces. Instead, consider adding more basic lighting to brighten the space. We would suggest reducing dark, shadowy areas with energy-efficient overhead lighting options. No one wants to live in a dim, cave-like environment. As human beings, there’s a reason we require sunlight – it improves our mood and enhances our overall well-being. With better lighting, the tenants who step foot in your property will be able to visualize it as their future home.
How All County Denver South Can Help
All County Denver South Property Management is here to help property owners have confidence in the quality of their tenants and the security of their property through knowledgeable and trustworthy property management services. From managing tenant relationships to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote, or to learn more about improvements for your rental, call us at (720) 664-4550.