The best way to increase your home’s value and make the most money when you sell it is to increase the rental worth of your home. While there are lots of different factors that go into determining how much your house will rent, there are some steps you can take to ensure that you maximize your rental potential. To ensure you’re getting the most out of your investment, these tips will help you increase the rental value of your home so you can charge more while still maintaining the quality that keeps tenants coming back again and again.
1) Get Professional Help
The first step to increasing the rental value of your home is to get professional help. The second step is pricing your property competitively. Make sure you’re not overpricing or underpricing your house. Pricing in a way that reflects its true worth will make it stand out from other properties and give potential renters a better understanding of what they can expect should they rent your home.
2) Upgrade the Kitchen
If you’re looking for a way to make your home more appealing to renters, try remodeling your kitchen. Kitchens have been popular with renters for decades, and they will remain popular as long as they are updated and maintained. Upgrading or remodeling your kitchen can include adding new appliances, cabinets, and countertops, updating fixtures such as lighting or faucet fixtures, and installing an undercounter refrigerator or dishwasher. If you plan on renting out your property in the future, upgrading your kitchen is one of the best investments you can make in order to increase its value.
3) Paint the Walls
Paint is a cost-effective way to instantly update your rental home’s look, and it can make it stand out in a competitive market. It’s also an easy way to attract renters that are looking for a fresh coat of paint. The next time you’re considering painting your walls, keep these tips in mind:
• Pick colors that are neutral and won’t clash with any potential renters’ tastes.
• Stick with light colors if you live somewhere with high humidity or near salt water because darker colors will fade more quickly.
• Use latex paint versus oil paints which require more maintenance but don’t need primer.
4) Add Storage
No one wants to live in a cluttered space, and for renters, this can be even more of a concern. You want your home to have plenty of storage space for your tenant’s belongings, as well as room for their future furniture. Here are a few tips on how you can increase the rental value of your home by adding more storage:
– Convert unused spaces into storage by installing pull-out shelving or cabinet systems under beds or closets. This will add lots of extra storage without compromising your living space.
– Add shelves in bathrooms and kitchens. These areas tend to get cluttered quickly so it is important that they are easy to clean and contain enough room for all necessary items such as towels, cleaning supplies, toiletries, and cooking utensils.
5) Upgrade the Flooring
Replacing your flooring is a quick way to give your home an updated feel. It’s also a low-cost and relatively easy way to increase the rental value of your home. You can go with a classic laminate or hardwood, or choose something more daring like bamboo, cork, or bamboo hardwood.
1 – Start by removing all furniture from your house.
2 – Remove any baseboards and trim work that is in bad shape.
3 – Lay down old sheets where you will be working so that you don’t get any dust on your carpet/floors.
6) Add Curb Appeal
When you are looking to rent your home, curb appeal is one way that you can increase the value of your home. Make sure that all landscaping is up-to-date and in good condition, including trees and shrubs. Keep lawns mowed and trimmed, and make sure that flowers are watered regularly. Check for any damage on exterior walls or windows before tenants move in, then fix them as soon as possible. If you want to add some flair outside your home, consider adding a bench or garden statue near the front porch. Finally, make sure your home is clean inside when it’s time for renters to move in!
Some Other Useful Tips
1. Paint your walls with a neutral color that is not too dark or bright. This way, any tenant will be able to add their own flair without having to paint over your walls.
2. Add molding around the ceiling and walls for a more elegant look.
3. Add crown molding if you have high ceilings in order to give it an even more luxurious feel.
4. Consider carpeting upstairs if you want it to feel like a home away from home for your tenants.
5. Install central heating and air conditioning so that tenants can stay warm during winter and stay cool during summer months, regardless of how they are feeling outside at the time.
In Short:
Finding tenants can be difficult enough, but ensuring they want to stay at your property—and pay their rent on time each month—can be even more of a challenge. We have discussed plenty of tips and tricks you can try to increase the rental value of your home and make it more appealing to potential renters, so you can find the right person to lease your home as soon as possible. With these amazing tips to increase the rental value of your home, you’ll have everything you need to get started!
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How to Increase the Rental worth of Your Home | Plot-Partner
Table of Contents
The best way to increase your home’s value and make the most money when you sell it is to increase the rental worth of your home. While there are lots of different factors that go into determining how much your house will rent, there are some steps you can take to ensure that you maximize your rental potential. To ensure you’re getting the most out of your investment, these tips will help you increase the rental value of your home so you can charge more while still maintaining the quality that keeps tenants coming back again and again.
1) Get Professional Help
The first step to increasing the rental value of your home is to get professional help. The second step is pricing your property competitively. Make sure you’re not overpricing or underpricing your house. Pricing in a way that reflects its true worth will make it stand out from other properties and give potential renters a better understanding of what they can expect should they rent your home.
2) Upgrade the Kitchen
If you’re looking for a way to make your home more appealing to renters, try remodeling your kitchen. Kitchens have been popular with renters for decades, and they will remain popular as long as they are updated and maintained. Upgrading or remodeling your kitchen can include adding new appliances, cabinets, and countertops, updating fixtures such as lighting or faucet fixtures, and installing an undercounter refrigerator or dishwasher. If you plan on renting out your property in the future, upgrading your kitchen is one of the best investments you can make in order to increase its value.
3) Paint the Walls
Paint is a cost-effective way to instantly update your rental home’s look, and it can make it stand out in a competitive market. It’s also an easy way to attract renters that are looking for a fresh coat of paint. The next time you’re considering painting your walls, keep these tips in mind:
• Pick colors that are neutral and won’t clash with any potential renters’ tastes.
• Stick with light colors if you live somewhere with high humidity or near salt water because darker colors will fade more quickly.
• Use latex paint versus oil paints which require more maintenance but don’t need primer.
4) Add Storage
No one wants to live in a cluttered space, and for renters, this can be even more of a concern. You want your home to have plenty of storage space for your tenant’s belongings, as well as room for their future furniture. Here are a few tips on how you can increase the rental value of your home by adding more storage:
– Convert unused spaces into storage by installing pull-out shelving or cabinet systems under beds or closets. This will add lots of extra storage without compromising your living space.
– Add shelves in bathrooms and kitchens. These areas tend to get cluttered quickly so it is important that they are easy to clean and contain enough room for all necessary items such as towels, cleaning supplies, toiletries, and cooking utensils.
5) Upgrade the Flooring
Replacing your flooring is a quick way to give your home an updated feel. It’s also a low-cost and relatively easy way to increase the rental value of your home. You can go with a classic laminate or hardwood, or choose something more daring like bamboo, cork, or bamboo hardwood.
1 – Start by removing all furniture from your house.
2 – Remove any baseboards and trim work that is in bad shape.
3 – Lay down old sheets where you will be working so that you don’t get any dust on your carpet/floors.
6) Add Curb Appeal
When you are looking to rent your home, curb appeal is one way that you can increase the value of your home. Make sure that all landscaping is up-to-date and in good condition, including trees and shrubs. Keep lawns mowed and trimmed, and make sure that flowers are watered regularly. Check for any damage on exterior walls or windows before tenants move in, then fix them as soon as possible. If you want to add some flair outside your home, consider adding a bench or garden statue near the front porch. Finally, make sure your home is clean inside when it’s time for renters to move in!
Some Other Useful Tips
1. Paint your walls with a neutral color that is not too dark or bright. This way, any tenant will be able to add their own flair without having to paint over your walls.
2. Add molding around the ceiling and walls for a more elegant look.
3. Add crown molding if you have high ceilings in order to give it an even more luxurious feel.
4. Consider carpeting upstairs if you want it to feel like a home away from home for your tenants.
5. Install central heating and air conditioning so that tenants can stay warm during winter and stay cool during summer months, regardless of how they are feeling outside at the time.
In Short:
Finding tenants can be difficult enough, but ensuring they want to stay at your property—and pay their rent on time each month—can be even more of a challenge. We have discussed plenty of tips and tricks you can try to increase the rental value of your home and make it more appealing to potential renters, so you can find the right person to lease your home as soon as possible. With these amazing tips to increase the rental value of your home, you’ll have everything you need to get started!
Become a part of Plot-Partner
Subscribe to plot-partner to get all the notifications of new properties
Realtors can create a free account to become part of plotpartner.com to list their property on the website.
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