How Can You Tweak a Investment Property for Higher Rents?

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If you have an investment property there are a few things you can do to increase it’s value. The best part is, you won’t have to break the bank to do this.


However, increasing the value on your rental home will require a couple days work to do. Are you willing to put in the labour to find higher paying renters?

 

 

5 Ways to Tweak a Investment Property for Higher Rents



TWEAK # 1: NEW COAT OF PAINT

Sometimes a new coat of paint can be all it takes to create a modern, fresh look to your property. You can pick up a couple cans of paint for about $25 per gallon. Keep in mind, you’ll also have to purchase rollers, painter’s tape, and some brushes.

And, you might want to consider this: neutral colors tend to have the best appeal for people. So, in making your property more desirable to live in, find a color that’s soothing to live in.

 

TWEAK # 2: ENERGY CUTS

There’s nothing more appealing by installing modern and upgraded appliances that will cut back the energy bill. Invest in a new fridge, washing machine and hot water heaters. These great investments can not only increase the cost of rent but also the value of your property as a whole.

TWEAK #3: LANDSCAPING

They say, “don’t judge a book by it’s cover,” but that’s what people are doing all the time. They make quick decisions based on what they see and often this impacts the decisions they make later on. Consider doing some landscaping to make the outer appearance of your investment property appear more aesthetically pleasing. A beautiful garden or stone walkway leading to the front door could inspire a person to want to live there forever.

TWEAK # 4: ADD MORE NATURAL LIGHT

The previous tweak mentioned first impressions made by the outer parts of your home, now let’s focus on the inside. Making your home visually appealing on the inside would be as simple as throwing away old draperies and installing some vertical blinds. Let the natural light flood your property to provide the feeling of comfort and spacious living.



TWEAK # 5: INSTALL A GARAGE DOOR OPENER

It’s a little annoying to have to get out of the car to open up the garage and go inside. Let your renters enjoy the ease of access that comes with installing a garage door opener. You can find the best garage door opener without having to spend too much. Some of the best ones will have noise reduction systems to keep your property silent.

 

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