Email Dave Email
Residential Real Estate
Mar 15, 2020

Easy Upgrades That Can Maximize Your Rental’s Profitability

Sponsored Content provided by Dave Sweyer - Owner and Broker, Sweyer Property Management

In an area with an extremely active rental market like Wilmington, finding people who are interested in renting your investment property often isn’t a problem. However, sometimes the problem lies in finding the right, well-qualified tenants. If your home isn't attracting the right tenants, consider making some upgrades. Oftentimes there are relatively easy and inexpensive improvements you can make to your rental property that will make a world of difference in attracting high-quality applicants to your property.
 
Upgrading Fixtures

  • Kitchen and Bathrooms - If your faucets and sprayers have been in place for years on end, they may be due for an upgrade. The same goes for the knobs and handles on drawers and cabinets. Replacing these items can aid in giving the space an inexpensive facelift. Finishes like bronze or brushed nickel are all the rage these days and can add a luxurious touch to kitchens and bathrooms.
     
  • Light fixtures and ceiling fans - How long has it been since you replaced these items? If your light fixtures are dated, consider switching them out for more modern options. Also, if your property doesn't have ceiling fans, having some installed can be an easy upgrade that many rental seekers find desirable.
     
  • Window Treatments - What kind of blinds do you have on the windows? Replacing thin plastic blinds with wider, faux wood ones can make a room look much nicer and is another quick upgrade you can make that will completely change the look and feel of a room.
     
Countertops

What kind of countertops do you have in the kitchens and bathrooms? If you still have lower-quality laminate countertops that can stain easily, it may be a good time to consider having them replaced with granite, slate or another solid-surface material. This will add to the value of your home and these types of solid-surface materials are much sturdier, more stain resistant and easier to clean.



Flooring

What kind of flooring is in your rental? Do you still have carpet throughout the home? These days many people prefer solid-surface flooring. Switching out carpet for something like ceramic tile, vinyl plank or laminate can dramatically improve the look of the home as well as add to its value. These types of flooring are also much easier to keep clean and repair and will last for years.


Appliances

Do you have old, mismatched appliances in the home? If so, consider purchasing new appliances. Continually paying for repairs on older malfunctioning appliances will end up costing you more in the long run whereas new appliances will function properly and, if they don't, will typically have warranties. Also, newer matching appliances (think stainless steel) will make kitchens much more inviting and modern looking, thus more attractive to renters.


Outdoor Improvements
  • Landscaping - Simple things like having the lawn, trees and bushes trimmed and manicured can greatly affect the first impression one gets of your home. Hire a professional landscaper to clean up the lawn, plant some new greenery if needed and create and inviting first look for prospects.
     
  • Pressure washing - Is the home or driveway covered with a layer of dirt or mildew? A professional pressure washer can take care of this easily and having this done will make the home look much cleaner and more inviting before prospects ever step inside.
     
Painting

Are the walls dirty, scuffed or a painted in various bright colors? If so, a fresh coat of paint can do wonders. Consider having the walls painted an inviting neutral color -- this allows renters to make the home theirs by adding in their personal touches of décor throughout.


Cleaning

Sometimes the most inexpensive improvement you can make is simply ensuring the home is clean. Hire a professional cleaner to thoroughly go through the home from top to bottom dusting, removing cobwebs and cleaning places you may not even think of. This alone can make a world of difference to prospective tenants.
 
This may sound like a lot to coordinate. However, having a professional property manager on your side can greatly help with not only determining what home improvements may work to your advantage, but also with coordinating the work and securing the best vendors possible. If your investment property needs a facelift and you aren't sure where to start, give our team of experts a call today to find out what professional property management services can do for you and your investment.
 
Sweyer Property Management has exhibited continuous growth throughout the Wilmington, Leland and Hampstead areas while maintaining an excellent Google+ rating for customer service. To inquire about the company’s full-service management services or to take a tour of homes for rent in the area, visit them online at WilmingtonForRent.com
 
Please Like and Follow the Sweyer Property Management Facebook, Instagram and LinkedIn Pages for property management tips and to see properties available for rent.
 
 

Other Posts from Dave Sweyer

Sweyer animated 300x250 ad
Ico insights

INSIGHTS

SPONSORS' CONTENT
Burrus rob headshot 300x300

Covid-19 Pandemic: Implications For Managers And Human Resources

Robert Burrus - Cameron School of Business - UNC-Wilmington
Headshot2 3182020512

Save On Cooling/Heating With Dual Zone HVAC Systems

Chris Jones - Green Dot Heating & Air
Dallas headshot 300x300

Where Transferable Value Comes From

Dallas Romanowski - Cornerstone Business Advisors

Trending News

Asheville Brewery To Open Taproom In Wilmington

Jessica Maurer - Jul 9, 2020

WBD Names First Female Chair, New Board Members

Christina Haley O'Neal - Jul 8, 2020

A New Record For Luxury Homes; Market As A Whole Improves

Cece Nunn - Jul 8, 2020

Coworking Spaces Adapt To Coronavirus Shifts

Cece Nunn and Christina Haley O'Neal - Jul 8, 2020

Opinion: The $2B Investment Decision

Rob Kaiser - Jul 10, 2020

In The Current Issue

The Financing Issues Driving NHRMC Talk

While stakeholders and the public in New Hanover County may differ on the best path toward a sustainable future for New Hanover Regional Med...


Virus Changes Economic Development

Economic developers in the region are having to adapt to the ever-changing business environment in the wake of the COVID-19 pandemic....


Dosher Memorial Marks 90th Anniversary

Dosher Memorial Hospital in Southport recently commemorated its 90th anniversary. The critical access community hospital opened June 2, 1930...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`