Nine Tips for Renovating Rental Property

It is hard to manage and renovate rental properties with limited time and resources. Even though staying in rental houses comes with both pros and cons, you can move to new places and rent out a new home depending on your needs without worrying about the maintenance of your place. 

Similarly, it gives you the freedom to do whatever you want with your place. For example, you can make major changes like new flooring to minor changes such as a change in the color of walls. However, when you stay in a rental house, you hesitate to invest your money in the renovation as you can’t stay in it forever. Renting a house is a common practice in the United States. According to statistics, 37% of households rent their homes in the United States, the highest level in the last 50 years. 

Sometimes, it is easier to rent a new property rather than spend time and energy on renovation. Consider the environment and government policies if you plan to move to a different state and don’t know where to get started. For instance, Florida is one of the states that offers a thriving economy with a tax-free regime. If you’re living or moving to the city, you can consider looking into Orlando homes for rent to start your journey without any hassle. With that said, here are nine useful tips for renovating your rental property. 

Identify the Areas for Renovation

Before starting your home renovation project, focus on those areas where repair and maintenance are most needed. Don’t look all over the place for improvement as it would cost you high. Invest your time and money in renovating those things you cannot neglect while staying in rental property. Some people are very particular about their home interior, no matter rental or owned property, they prefer to make their place vibe along with them. Still, you need to identify your priorities and renovation goals first. 

Paint the Interior

Painting your place, especially the interior, can always give your house a fresh look and new perspective. By investing less time and money, you can completely change the look of your house by painting it with new shades and colors. One of the benefits of painting your rental property is doing this job as a DIY project.  While painting your rental property, prefer neutral colors as it gives a more refreshing and soothing aura to your place. People who want to give their place a vibrant and high-energy look can opt for bright colors. However, it is easier to manage neutral shades like Off-white. Moreover, it is best to paint your rental property all over with the same shade so that you won’t face difficulty in fixing the patches and touch-ups later on. 

Improve the Lighting

The proper lighting can brighten the beauty of every place. On the contrary, shady living areas and inadequately lit homes give a dull ambiance. Make small investments towards fixing the lighting of your rental place. Starting from the natural light, try to use the sunlight. For instance, remove obstacles coming in the way of natural light. You can chop down tree branches that stop sunlight from reaching your living area. For artificial lighting, pick brighter bulbs with dimmer switches to adjust the illumination of an area. You can also choose to install lamps in dark locations to enhance the place’s lighting. 

Replace Handles and Knobs

If you have a low budget and still want to upgrade your rental place, start with the small but highly noticeable things such as handles and doorknobs. You can replace cabinet handles and doorknobs with the latest chic designs. It would make a big difference and give your rental property a modern look. 

Work on the Yard

Your front yard or backyard can change the first impression of visitors if properly managed. A well-organized lawn area with proper landscaping is a source of refreshment.  Spend some time chopping down the grass and trimming the bushes, branches, and shrubs to give your lawn a clean look. Place the plantation in order; it would enhance the beauty of the walking trails and won’t mess up your space overall.  You can do this lawn project independently or count on professional services to make it low-budget. Choose all-season and low-maintenance plants that you don’t need to give extra care and attention to more often. 

Replace Faucets

If you have old faucets in the kitchen and bathrooms, replace them with new and stylish faucets. Similarly, you can also replace the shower and sink to make your bathroom and kitchen look more modern.  

Fix Exterior Lightning

It’s good to start with small amendments, but to change the overall look of your rental property, you should also focus on exterior lighting. Fix the lighting of your backyard or front lawn area so that your family can use it every time, even without daylight. You can consider a switch light or a motion-sensor light to brighten your outdoor space. 

Work on Storage 

Everyone needs storage space to put extra and unneeded stuff. You can make a storage area in an attic or the backyard by doing the needful. For example, use shade to cover the things from environmental effects if you place them in the backyard. Basement is also a good alternative for storage. 

Go for DIY Projects When It’s Necessary

The do-it-yourself (DIY) approach is effective when you know how to do things right and properly. If you are a handyman and like to fix things, by all means, go DIY. But in some cases, when you try to save money and renovate a household on your own, it can become tricky, complicated, and troublesome. DIY is not always the best available option. Sometimes, you spend more money and time doing things on your own. Always consider alternatives such as affordable professional services to renovate your property. 

Conclusion 

Home renovation is an essential component to upgrade the look of your house. However, in the case of rental properties, it is a good idea to look out for homes according to your taste and preference. As you don’t have to spend extra money on renovation and upgrades.