So you’re planning on renting your Central Valley Rental Property but before renting your home you want to add value to it. This is an excellent thing to do because, taking the time to improve your home will help you to rent it for the most money possible but you also have to know where to spend that home improvement money.
In this article we will discuss some of the things that you can do to add value to your Central Valley rental property.
Add Architectural Detail: You can give a boring room some character by adding a chair or crown molding to it.
Change/Add Windows or Doors: This is a valuable addition. Not only does it improve the aesthetics of the home, it also can reduce noise inside the home, help lower heating bills and cooling bills and increase natural light inside the home. French doors that lead out to the backyard add elegance, open up the space, and allow more light to enter the property. Skylights can also help brighten up spaces that may be lacking windows or natural light. Properly positioning windows and doors can also help highlight a beautiful view that your property may have or minimize one that is not so desirable, such as a brick wall or a view right into your neighbor’s home.
Change Flooring: Updating carpet or adding hardwood or tile adds value to a property.
Reduce Noise: People want to feel like their home is an oasis. There are many ways to reduce noise such as adding insulation, installing double pane windows and doors, installing carpets and rugs to minimize footsteps and placing plants to further absorb noise.
- Update a Kitchen or Bath: This includes changing a portion of the room, but not an entire gut renovation. It could be changing the flooring or changing countertops. In the bathroom, you could switch out a toilet, sink or bathtub. In a kitchen, it could include buying new appliances.
- Gut Renovate a Kitchen or Bath: This would be a complete overhaul of the room. It can involve adding new cabinets, new countertops, new flooring, new lighting fixtures, new appliances, new sinks, new faucets, new cabinet handles, new tub, new shower, new toilet or even changing the layout of the room.
- Update Siding: There are many options for home siding and the best type will often depend on the climate and area where your property is located. It is an update that will improve the aesthetic look of your property and can help lower your utility bills.
- Create a More Functional Layout/Modernize Floor Plan: For example, it could be taking down a wall between a kitchen and living room. It could be rearranging a kitchen to create more usable space. It could be adding a bathroom to the master bedroom to create a suite. It could also be swapping the location of two rooms, such as an office and a dining room to create a better flow in the home. It could also be taking space away from one room to add it to another room, for example, taking some space from an oversized living room to create a pantry for the kitchen.
- Add More Square Footage: This does not only mean adding an addition to the property. It could also mean finishing an unfinished attic or a basement to add more living space to the property. It could also mean transforming an attached garage into additional living space.
- Gut Renovate a Property: Completely redoing a property by ripping it down to its studs and building it back up with a more modern design and materials can increase the value of a property, as long as you are able to sell the property for more than you owe on the property along with renovation and holding costs.
Get Property Management Here
For affordable property management for your Central Valley Rental Property contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online.