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What Improvements Should You Make To Your Rentals In 2018?

Which Wall Colors Are Better For Your Rental Property?

By RPM Central Valley

Are you planning on making improvements to your rental properties in 2018 but don’t know which improvements you should make? If so, you’ve come to the right place!

In this article, we will share with you several improvements you should consider making that will generate a good return on investment for you.

  1. Update Cabinetry 

Most people consider replacing worn-out cabinets entirely. But you can replace just the cabinet doors with high-quality, solid wood doors, as well as the hinges and knobs. Then you can paint the doors.

Jen from The Thrifty Home documents her re-painting experience, and she shares before and after pictures of her kitchen.

Tip: Don’t try to use Ikea cabinet doors on non-Ikea cabinet frames.

Potential Cost: $1,000 – $3,000

  1. Add a Fresh Coat of Paint

Painting has the highest return on investment for any rehab budget. However, you can enjoy an even higher return on investment by buying paint in bulk.

A lot of investors buy badly mixed paint that paint stores and hardware stores sell at a steep discount. The problem with buying these kinds of paint, when you’re working on a large-scale, is if you have to do any touch-up work, it’s a nightmare to match paint.

I highly recommend you negotiate a discount for a large bulk order of paint. You should be able to get another discount by opening a company account where you buy paint.

  1. Replace Doors

Doors tend to get damaged at rental properties. Most investors either ignore this damage or cover it up with some touch-up paint. However, new doors dramatically increase the visual appeal of a rental unit, and they aren’t that expensive.

I get my doors at my local hardware store and don’t pay any more than $80 a piece for them. You should also check with a local building supply company, which may have extra doors at a deep discount.

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For professional property management in the Central Valley contact RPM today by calling us at (209) 572-2222 or click here to connect with us online.