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Property Manager Daily Update: 5 Ways to Increase Rental Value and Banning Alcohol

Property Manager Daily Update: 5 Ways to Increase Rental Value and Banning Alcohol
  1. Paint: Use a brand new coat of a fresh, neutral hue. Paint makes your rental look well taken care of and can even make the space look larger depending on the paint colors you choose. Playing with accent colors can create a lot of character and appeal in your rental too.

  2. Updated Kitchen: An updated and modern looking kitchen creates lots of appeal for your rental. So how do you update the kitchen without breaking the bank? You can do small things to create appeal like updating cabinet knobs, swap door pulls for stylish cup pulls, replace cabinet hinges, install a wine rack, update to a warmer lighting, mount LED lighting under cabinets, repaint cabinets, and update your switch plates and outlets.

  3. Add a Washer Dryer: This will pay for itself over a 1 year lease term. Yes it is expensive, but you'll command a much higher rental price.

  4. Exterior Update: Do the small things that make a big difference like repainting the front door. Repainting window trim that has faded also goes a long way. Lastly, if your condo or home has a unit number, make sure the unit number is freshly painted and looks new.

  5. Replace Carpet: This is the single biggest thing that can drop your rental value if not taken care of. Dirty or old carpet creates a dingy look throughout the entire home and often detracts from what would otherwise be a beautiful home.

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