Can New Hardware Increase Your Rental Property ROI? Yes!
Are you searching for ways to increase your rental property ROI? If so, one of the easiest things to do is to invest in new hardware for your rental property.
Hardware (door knobs, light fixtures, faucets, light switches, door hinges, and cabinet pulls) is sometimes all that’s needed to increase rental property ROI, keep your tenants happy (or attract new tenants) and what’s most ideal is that these upgrades can be made for a lot less than you think.
Modernize Your Rental Property
Depending on the age of your rental property, it may need an upgrade ASAP.
Start with the front door; does it look less than inviting? If so, refinish that front door with a bright, modern color that will make it stand out from the street, and replace that door knob with a modern knob that makes a statement.
After refinishing the door, and replacing the door knob, your next focus is on renovating the entryway to your home.
Start by removing carpet from the entry and replacing it with tile, laminate, or wood flooring. Doing this will make it easier for your tenants to keep the carpet clean and encourage guests to wipe their feet when they enter the property.
Once inside the rental, focus on replacing fixtures that are out of date, retro, or look like they belong in a classic TV show.
Improve The Kitchen And Bathrooms
Since tenants will spend most of their time in either the kitchen or bathroom, you should focus on replacing older-looking fixtures, hinges, cabinet pools, and lighting.
If the cabinets are in less than fantastic shape, they should be refinished or repainted in a neutral color that will modernize either space.
Remember, you can renovate your property without spending tens of thousands of dollars and in most cases, this work can be done in as little as one weekend.
Last of all, but most important, don’t forget to renovate the doors inside your rental property. This can be done by repainting them and adding new hinges and knobs to either door.
Contact Rent Portland Homes – Professionals
At Rent Portland Homes – Professionals, we offer property management services for the Portland Oregon area.
Our team will save you the time and hassle of managing your rental property yourself so that you can focus on enjoying the ROI from that property without having to do the work!
To learn more about the property management services we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.
