As an investor, you want to make upgrades to your rental property that will bring in a steady stream of tenants and provide value to your property, but sometimes, the upgrades aren’t worth the upkeep or the hassle. When thinking about what upgrades to make to your rental property, make sure it’s worth the time and money before going through with it.
Here are four upgrades that you should consider avoiding when it comes to renovating your rental property.
While granite tends to be a more popular choice for countertops, they’re not necessarily ideal for rental properties. Not only will the trend eventually fade, but granite is particularly expensive compared to other countertop options such as quartz, marble, or laminate. Better to choose a countertop that’s cost-effective, durable, and will last a long time, so you’re less likely to have to replace it in a few years.
All-white bathrooms have an eye-catching effect that looks clean and new, but it can go away quickly if not cleaned often. White bathrooms can easily show dirt and dust, making them a not-so-great option for your rental property. Not only does it mean more upkeep for you, but also more for your tenants to keep up with keeping them clean. Choosing more neutral colors can still give the bathroom an elevated look without all the hassle.
Bright Paint Colors
Speaking of neutral colors, the same should go for your paint colors. Accent walls might still be a popular trend, but the days of having bright colors everywhere are gone. Keep it simple with grays and beiges because they go with everything and won’t clash with your tenants’ furniture and design choices.
Of course, you should have some landscaping outside, but there is such a thing as overdoing it. All possible tenants will see is more they will have to keep up with, and it could inevitably turn them away from choosing your property to rent. Sticking to the basics and making sure everything looks clean and put together will go a long way.
When it comes to making upgrades to your rental property, always remember that less is more. If you have any questions about what upgrades are worth making, reach out to us! We would love to provide our expertise and help in any way we can!