Best Ways to Increase the Value of Your Rental Property
Whether you want to sell your house, or demand a higher rent for it, you will have to undertake some value-enhancing remodelling or renovation. There are many things that you can do to increase the value of the property, but some remodelling projects will cost higher, and may not add much value. However, there are some others that do not pinch your pocket much, but add a lot of value. So, here is a list of some high-return remodelling/renovation ideas that can help enhance the value of your property.
De-clutter, create some space
The first step towards making your house buyer-friendly is to get rid of all the clutter, and make it look organized. Try to create as much empty space as you can. See if you can knock off a non-structural wall to create space quickly.
Landscaping, trimming trees and lawn grass
Unkempt lawns and overgrown trees that obstruct the view of the house are the biggest turnoffs for buyers. Trimming lawns and pruning the trees can significantly enhance the aesthetic value of the house. A landscape can go a long way in increasing the value of property.
Create an outdoor living area, patio
Home owners simply love the concept of an outdoor living area. So, you can create a patio, gazebo, or a simple sitting area on the terrace or outside the house.
Add some storage space
A little extra storage space can considerably increase the value of your house. Make efforts to make your house look more organized, open, and spacious. Adding a wire rack closet system or a free-standing closet can increase the storage space significantly at a very low cost.
Let in some natural light
Natural light inside the house makes the atmosphere more spacious and bright. By adding small sources of natural light, you can impress potential buyers or tenants.
Neutral décor and wall colours
You may simply love the way your bright pink walls look, but it would be a major turn off for most buyers or tenants. The houses with neutral wall colours and décor command higher prices than those with niche décor.
Simple kitchen and bathroom upgrades
Complete kitchen and bathroom remodelling can be quite expensive. However, some simple upgrades can also enhance the value of your property. Change fittings, update door knobs, change toilet seat, replace faucets, and remove rust stains. These small upgrades can make a huge difference to a property’s value.
If you are looking for advice or assistance in managing your property, you can get in touch with the experts at REAL Star Property Management. With years of experience in helping our clients manage their properties in Temple, Belton, Killeen, Troy, Salado, Georgetown and surrounding areas, we have acquired unparalleled expertise and reputation in the area.