Did you know that a cosmetic makeover could increase your property investment rental value? If your property has been vacant for some time and is in need of some TLC, you need to make it more appealing. Every day that your property sits vacant on the market you are losing potential rental income.
Paint the PropertyChanging from a dark to light color can dramatically lift the mood of a room and make it seem bigger and brighter. This will increase your rental value for very little out-of-pocket costs.
Pay Attention to FloorsIf you have hardwood floors, give them a good polish. Clean out the grout between your tiles to give the property a cleaner, warmer feel. You’ll also be able to protect it better against heavy traffic and wear and tear. You’ll notice the floors look fantastic, and so will potential tenants.
Update HardwareIt’s amazing the difference a new door handle can make to some tired old cabinets. This is a cost-effective way of bringing new life to an aging kitchen. Replace your current hardware with something shiny like nickel or silver, and make sure you give your cupboards a good clean.
Create Curb AppealPaint the front door. This is an inexpensive way to dress up your property and it provides an instant first impression that’s favorable. Clean out any debris at the entryway and make sure the house looks great from the street.
Lawns and LandscapingIf your lawn is overgrown and your landscaping is out of control, a tenant may drive by and be immediately turned off. Make sure it looks inviting and well-maintained.
If you’d like to talk about additional ways to increase your income and your property value, contact us at Legends Realty. We’d be happy to serve as your resource for professional Orlando property management.