Skip to Content

Get a FREE assessment of your rental property. Start here!

Get a FREE assessment of your rental property. Start here!

Which Upgrades Will Offer the Best Return on Investment for My Prairieville Rental Home?

Landlord Remodeling the Common Area of Their Rental Property in Baton Rouge

Victorious and productive rental home ownership requires real solid, long-term planning. Part of this planning entails adding regular upgrades and improvements to keep your property updated and competitive. Single-family Prairieville rental homes are an incredible investment though it is necessary to be well managed to stay profitable and keep property values high. Routine improvements are critical in maintaining competitive rents and tenants in place. Nonetheless, not all upgrades yield high returns for the cost. To get the most out of every dollar spent on your rental property, it’s critical to apply improvements that will have an extensive positive impact on your property‘s value and appeal.

Focus on Curb Appeal

The first thing to know and understand on the subject of property improvements is that ultra-expensive improvements do not naturally render the biggest returns. According to data from real estate experts, simple and affordable fixes and repairs are characteristically the most suitable places to start with. Upgrades that enhance a property’s curb appeal tend to contribute to higher property values than upgrades on the home’s interior.

For instance, substituting a garage door grants a quick and considerable boost in curb appeal. A quality garage door can instantaneously update an aging exterior and is not likely to break down or create problems for a good deal of years. For tenants utilizing a garage door day by day, that can be a reassuring sign that the Prairieville property manager cares about the appearance and function of the home as well as the quality of the tenant’s life there.

In like manner, replacing a rather old or ghastly-looking front door can instantly induce higher appeal and rent. One of the first things a prospective tenant looks at when touring the property is exterior doors, like garage doors. For the best first impression possible, pick out a quality exterior door for your property that is both secure and visually fascinating.

Upgrades for the Heart of the Home

Another upgrade that can give a huge payoff is updating the kitchen. A pretty kitchen is one of the major reasons tenants determine to choose one rental home over another. Most people, indeed, spend a lot of time in the kitchen and use it as a gathering space for friends and family. Even while a kitchen upgrade doesn’t need to be extensive, replacing appliances as they wear out or resurfacing cabinets can do a great deal toward keeping the kitchen up-to-date and tenants satisfied.

Clean and Current Bathrooms

Clean and newly-updated bathrooms are another item that extends measurable results. And there is no need for ultra-expensive fixtures or features. Even a simplistic bathroom can enhance and bring in a lot of value to a rental home and keep tenants long-term. Missing tiles, failing grout or caulk lines, and battered cabinets should be replaced so far as necessary to keep things looking clean and current.

 

You and your tenants benefit when you carefully plan your upgrades strategically for maximum impact. At Real Property Management Baton Rouge, we contribute extensive property evaluations that can be of advantage to property owners with planning and making upgrades a very easy part of property management. We similarly implement market assessments for each rental home and make custom recommendations that are appropriate and very helpful. This course of action helps keep every property competitive and rent for the highest amount possible. Contact us online to learn more.

 

Originally Published on May 17, 2019

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.