10 Rental Property Improvements You Can Make with Minimal Investment

1. Paint
You may not be able to paint the whole house, but you can enhance key rooms and create accent walls. Trending colors this year may include grays, blue grays and beiges.

2. Change some flooring
Putting new flooring in small entry areas and bathrooms or replacing the carpet in that one ugly bedroom could make a big difference in renting quickly and for more money.

3. Patch the Roof
After this year’s rain, you probably already know if you have any leaks. Roof leaks can cause major headaches with rentals. They can quickly deteriorate your asset, can cause ballooning repair bills, add to the maintenance interaction burden with tenants. In many cases you don’t need a new roof, just some patch work.

4. Add Smart Home Tech
Add some trendy new tech to make renters feel great about their choice. That could be smart locks or smart thermostats, better wifi, or new Google Home devices.

5. Bring in a Bar
You may be able to expand countertops or bring in a standalone bar, which really adds to the excitement and emotional appeal of a place. Especially with the Millennial renter.

6. Resurface Cabinets
Replacing kitchen and bathroom cabinets can be expensive and a lot of work. Instead, look at options for resurfacing existing ones.

7. Add a Backsplash
Kitchen backsplashes can make a massive difference in the appeal and perceived value of a home.

8. Consider Flex Office Space
Working from home is fast becoming the new norm. Many remote workers soon find that working from the sofa isn’t as effective as they expected. You may not want to reduce bedroom counts by turning one into a home office. However, you may be able to create some flex space with a cabinet, pantry, or desk build in that enables quick changes between daily living space and the office.

9. Finish the Garage
Finished garage spaces add a big “wow” factor and more value. Even on a tight budget, you may be able to finish walls, add sealed concrete flooring, or install storage.

10. Replace Hardware
Replacing front door and cabinet hardware can have one of the best returns of any home improvement.

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