Rental Property Upgrades To Avoid

Granite Countertops

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.

White Bathrooms

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.

Elaborate Landscaping

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!

Whether you’re purchasing your first rental property or your 10th, you want to ensure the property attracts tenants. In addition to location and accessibility to highways and amenities, certain interior features will help steer tenants toward your Greater Austin area rental property.

Let’s dive into a few of the top features tenants look for in a rental property.

Open Floor Plan

One of the top features homeowners look for when purchasing a home is an open floor plan, and tenants are no different. Tenants want to be able to have a place to entertain, and it allows them to be more flexible with their furniture and decor. Many people are still working from home, so having an open space to add an office area is helpful.

Upgrades

When you hear upgrades, you probably think of dollar signs, right? If you have the funds to update everything, the more, the merrier! However, a few upgrades can go a long way. Cosmetic updates like new flooring and fresh paint are huge for tenants. If you want to take it a step further, tenants also look for bathroom and kitchen updates. If you have an older property, consider updating mechanical items like plumbing, HVAC systems, and wiring to save yourself some time and money down the road.

Included & Updated Appliances

Having appliances included in your rental property means less money your tenants will have to spend on them if they don’t already have them. Tenants will be impressed to see appliances included, especially if they are nicely updated. If you already have appliances and they are dated, consider updating them. In addition, having an on-site washer and dryer is becoming more common among rental properties. Being able to do your laundry at home instead of going to the local laundromat will save your tenants time and money.

Storage Space

Tenants always appreciate having extra space to store their items. Nothing is worse than putting things in the corner of your living room or bedroom. Not only does it look messy, but it takes up space that could be used for entertaining or additional decor or furniture. Make sure your rental property has a basement, attic, or lots of closets for storage.

Make sure to keep these features in mind when you purchase your next Greater Austin area rental property. It will go a long way for tenants! If you have any questions or need recommendations, reach out to us! We are always here to help.

Tag: upgrades