Quick and Easy Ways To Boost the Value of Your Rental Property

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Published Date: 2021-10-20

Offering executive housing can be a lucrative practice, but there are always ways to boost your income. One of those is by making changes that increase the value of your property. You can set your rent higher while enjoying quality guests who appreciate your efforts when you have an appealing space for guests.

That still leaves the question of where to start. This article will give you a few ideas if you want to add value to your property without spending a lot.

Consider Curb Appeal

One easy way to boost the look of your executive housing, which can add value to the home, is through curb appeal. Even adding a new coat of paint and a few shrubs outside can significantly affect bringing in renters. Landscaping, fresh flowers, and trendy paint colors are just a few ways to make your property look new and exciting.

Make a Move to Green

Adding green appliances to your executive housing can create better energy efficiency to save you money. But cutting utility bills isn’t the only benefit you’ll see from this upgrade. In many cases, it also increases the value of the home. For example, energy-efficient shower fixtures, lightbulbs, and windows can have a considerable effect in making an older rental seem more modern.

Update Your Kitchen

Offering quality features is one way to bring in additional renters. A kitchen that looks great and is fully functional is going to be a great upgrade option. Even adding paint to cabinets, updating light fixtures, and changing door handles can have an effect. You can also install premium countertops and backsplash to create details that potential tenants are searching for.

Add Storage Options

One of the things that all renters want in executive housing is storage space. Increasing the options in your home can make a huge difference here. Small things like hooks in bathrooms and entryways are essential. You can also add in closet organization systems, additional shelves in the pantry, and more. Permanent garage shelving or a new shed are also options.

Include Home Technology

Home tech is all the rage with items like Google Home, Alexa, and more. These let guests use voice activation for garage doors, thermostats, and other electronic devices. Adding smart devices to the home can create convenience for guests in your executive housing.

Add one, a few, or all of the above to create a home that offers value. You’ll be sure to bring in additional tenants and may even have the ability to raise rental prices. A few upgrades can completely change your level of success as a property owner.

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