If the idea of renovating a piece of real estate you own seems daunting, it's time to rest easy. While some projects will definitely require the use of professionals, there are some DIY projects you can do that will add significant value to your home. Some of these may need to be saved for while others can be completed relatively quickly. You may even be surprised at the amount of money your project may return when you realize how much more you can rent the piece of real estate for.
Painting a damaged wall or sprucing up the living room with a new color can be relatively inexpensive. Doing the whole house at one time can be pricey, but doing a room at a time and reusing paint when possible will bring down the cost.
Start by painting the room your tenants will spend the most time in. Typically, this is the living room. It will immediately enhance the value of the entire home. You might even consider doing a simple accent wall on the bedrooms and living room. This reduces the cost while enhancing the aesthetics at the same time. Don't forget the exterior—even something as simple as repainting the fascia or a wooden garage door could transform the outside of the property.
Kitchen and Bath
Any professional house flipper can assure you that investing in the kitchen and baths is a surefire way to increase the value of a piece of real estate. These remodels can be costly, but it's important to remember that if your ultimate goal is to increase the value of the property so you can rent it for more money, dollars splurged on something of good quality will end up back in your pocket.
The outside of the property can make or break people's decision to rent. It's the first impression the property gives, and if the yard needs work or the paint is peeling on the fences, the bad first impression might linger throughout the tour of the property. Keep the yard clear of debris, the property and fences painted nicely, and make sure the driveway is put together. It's also a good idea to even keep the furniture on the outside nice, as dirty or old furniture could make the piece of property look neglected.
These are just a few of the small and easy improvement projects that can increase the value of your real estate. Have a clear idea of where you're headed and you might be surprised at how much is returned on your investment after these simple upgrades. You may also wish to consult an apartment management company, like one found at https://www.harlandpropertymanagement.com/, for further advice.