Valuable Upgrades for Landlords To Consider

Share on facebook
Share on twitter
Share on email

Valuable Upgrades for Landlords To Consider

The care you put into your property is a good indicator of the care you give your residents. That’s what potential tenants will be thinking as they tour your building. If they see old fixtures, outdated appliances, or drab common areas, they’re not going to be too impressed.

You can’t always have the newest features in your building, but you can ensure you’re making a good impression by investing in key upgrades that enhance the overall look and feel of your property. Check out these valuable upgrades for landlords to consider.

New Light Fixtures

Nothing dates an apartment like old lighting. While light fixtures might blend in after you’ve been in the building for a while, a new tenant will notice right away if your fixtures are worn or outdated.

Replacing old light fixtures with new ones is a quick way to bring a more modern style to the entire unit. This is also a chance to upgrade to LED lighting, which lasts longer and is more energy efficient. Residents will appreciate the new look and easier maintenance that comes with a lighting upgrade.

Energy-Efficient Appliances

Another way to improve sustainability around your property is by installing energy-efficient appliances. It’s easy to leave old appliances in your units for years. After all, why should you replace them if they still work just fine? But upgrading to newer appliances—especially energy-efficient ones—brings a touch of modern luxury and convenience to your rental units.

A matching set of higher-end appliances also boosts the value of an individual unit, making new appliances an investment that will easily pay for itself in time.

Electric Vehicle Charging Stations

How common are electric vehicles in your area? Every year, electric vehicles and plug-in hybrids become more popular, which means more residents are looking for convenient and reliable places to charge their cars. Adding an EV charging station to your property sets you apart from other rentals. While it’s important to analyze the cost of an EV station in your area, this investment can serve you incredibly well as electric vehicles continue to grow in popularity in the coming years.

Outdoor Common Areas

Not every resident will spend time in common areas, but they will all appreciate having the option. Outdoor common areas are particularly valuable upgrades for landlords to consider if there are units in the building that don’t have balconies or patios. Gardens, picnic tables, or shared balconies are great examples of nice, semi-private spaces where your residents can enjoy the fresh air on a sunny day. Make sure these places are both functional and attractive.

Keep balconies clean and appealing by power washing them or applying a fresh coat of paint. Add outdoor furniture like picnic tables or lounge chairs for residents to use. Invest in landscaping with regular lawn care, tree and shrub trimming, and plenty of flowers for a colorful setting throughout spring and summer.

Related Posts

Email us at [email protected]
or give us a call at 731-696-4558!

© Copyright 2024 Magic Valley Publishing, Inc.