What Can You Do To Increase Your Property Value & Attract More Tenants?
Nothing upsets a landlord more than having a house with no tenants in it. Often people try to seek tenants without understanding the reason why they are not getting any. There may be several reasons why tenants are choosing the building opposite to your house and not yours. From minor fixes to renovating the entire bathroom, there are many things that you need to do to attract tenants.
If the color of your house is outdated, the kitchen cabinet handles are broken, or the tap is leaking, nobody will want to live there. If you cannot understand what you need to change in your house, you can take the help of Chandler HOA management services. They can evaluate your property and make sure that its value is management service maintained.
Remodeling Ideas To Increase Property Value
- Renovate the kitchen.
A study shows that renovating the kitchen will always give you a higher return of interest and raise the rent. If you are considering remodeling, the kitchen should be the place to start. If your cabinet designs and colors are outdated, replace them. Matching the finishes of appliances such as the refrigerator, oven, and dishwasher will give your kitchen a more uniform look. Avoid a four-walled kitchen and opt for open space.
- Remodel the bathroom.
Everybody can agree that bathrooms are an essential part of the house. Some tenants may love your home but change their mind about renting when they see a bathroom they do not like. If your house has been stayed in before, chances are your bathroom is already dirty and needs replacements. Consider changing the showerheads, toilet seat, and faucet. Make sure there is enough cabinet space in the bathroom to keep the essentials.
- Paint the walls.
Painting the walls every year or before showing it to new potential renters is a great way to convince them that you take property management seriously. You can paint the house according to the trend or ask your tenants what color they would like before moving in.
- Change the flooring.
If you have old carpet flooring, you may want to change it. Tenants often prefer hardwood floors over carpet flooring as they can trap smells and require more maintenance. On the other hand, hardwood floors do not get dirty quickly and are easy to clean. If your potential tenants prefer carpet flooring, make sure that you clean them properly before they come for a tour.
These are a few things that you can do to raise your property value and attract quality tenants. Along with increasing property value, remodeling your house will make you stand out from your competitors.