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Top 3 Rental Property Upgrades Worth Your Investment Dollars

Person applying grout to freshly placed tile.Owning a single-family rental property means you need to focus on protecting your investment. Making updates to your rental home ensures it retains its value and attracts reputable tenants. Knowing the right upgrades to invest in is crucial when enhancing your property.

We can share insider knowledge about the most worthwhile upgrades in Jacksonville. According to professionals, the prime upgrades include appliances, floors, and fixtures.

Upgrading can boost your rental property’s value and charm, appealing more to potential tenants. So, why not spruce up your rental home and help it differentiate from the rest?

Modern Appliances

Prospective renters typically ask about appliances first when renting a home. It’s essential to keep appliances in good condition, as outdated or malfunctioning ones can be a major turnoff for renters.

Ensuring your rental property’s appliances are frequently upgraded is key to getting the most out of your investment. It’s not necessary to splurge on cutting-edge appliances; reasonably priced models are adequate. Choose appliances that are not only good quality but also cohesive in appearance and come with a warranty if possible.

Low-Maintenance Flooring

Improving the flooring in your rental property can significantly increase its value and attract prospective tenants. Rental home carpets typically need replacing after five years of use. Installing fresh carpeting is a draw for quality tenants looking for well-maintained residences.

Moreover, maintain and replace other flooring types as needed to keep them in top condition. Re-grouting tile floors and replacing damaged solid surface flooring can significantly enhance your rental property’s aesthetic. Quality, easy-care flooring ensures your rental stays desirable to top-notch tenants and retains its market value.

Enhanced Fixtures

Even small changes can yield big results. A highly effective upgrade for rental properties involves refreshing fixtures, including faucets, lighting, ceiling fans, and blinds. For landlords in Jacksonville, these inexpensive and simple-to-replace fixtures are the perfect upgrades for enhancing rental properties.

Updating fixtures regularly is crucial to sustain your property’s market value. Replacing items like outlet covers and doorknobs can add a refined touch to a rental home, which tenants often value. Small alterations can significantly boost the visual appeal and attractiveness of your rental property to potential tenants.

Interested in boosting your rental property’s market value, improving tenant retention, or raising rental rates?

If so, consider simple upgrades through the affordable maintenance program by Real Property Management Hometown as the ideal solution. To learn more about how we can assist you, please contact us online or at 501-701-4702 or 501-303-6870.

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