How to Add Value to Your Rental
Five Easy Ways to Add Value to Your Rental ~ Southern Residential Leasing
Property owners: are you looking for cost-effective ways to add value to your rental? You don’t have to do a full remodel from top to bottom. These five simple methods are some easy ways to add value to your rental without the help of a professional. The best part is that they’re cost-effective too, so you can help increase the value of your rental without breaking the bank.
Change Out the Air Filters
When is the last time you changed out the air filters? Air filters should be replaced every 90 days to keep the air clean and the house smelling fresh. This also ensures that your air conditioning and heat are running properly, thus cutting down on maintenance over time.
Check for Leaks
Wherever water runs, check for leaks: the bathtub, kitchen sink, bathroom sinks, and outdoor hoses and faucets. Leaks can cause your water bill to skyrocket, which in turn causes costly repairs. In addition, leaks also cause water damage which will decrease the value of your home.
Paint the Walls
A fresh coat of paint is one of the easiest ways to add value to your rental. Touch up the walls in the main areas – living room, kitchen, and bedrooms – with a fresh coat of paint in a neutral shade to attract the eyes of potential renters.
Clean up the Yard
How is the yard looking? Take some time to survey the front and back of the house – don’t forget the sides, too! Clear away any limbs, make sure the grass looks full and healthy, and spend a few extra minutes de-weeding any flower beds. Curb appeal is the first thing a potential renter notices, so it’s important to make sure your yard is just as appealing as the rest of the home.
Check the Windows
Have you noticed that it’s too hot in your home lately? If you have, and the HVAC unit seems to be functioning properly, it could be an air leak in your windows. If you’ve tested it out and there is a leak, the good news is there is a simple fix: caulk! Caulk the window where the frame meets the exterior siding. If the problem persists, you’ll need to contact an expert.
We hope you’ve enjoyed some of our easy ways to add value to your rental home! If you’re a potential owner looking for a long-term property management company, contact us today for more information about our services.