You’re making a significant financial commitment when you update or renovate your rental home. The word “update” really refers to bringing the property up to date so that it may be rented at the highest possible rate in a competitive market. For your potential tenants, it’s important to know where to invest your money.
Remove the acoustic cottage cheese from the ceilings first and foremost. Although some asbestos removal is required, this is a worthwhile investment in your home’s appearance. “Skinning” the ceilings is an alternative to scraping them. Fortunately, there are several products that may be applied over the noise. It’s basically like drywall in that you tape, texture, and paint it, and the results are stunning!
The next step is to use epoxy paint to revive those faded and drab fiberglass tubs and showers. Chips, dents, and cracks may all be repaired with this easy procedure. A broad variety of colors are available, and the price is fairly reasonable—around $150.00 per tub or shower. Your tub repair should be done by a professional since the product is quite harmful.
Those dark 1970s cabinets need to be resurfaced in a brighter tone now. The usual method of enamel paint or glaze works just well for this. Ask your tub repair specialist to do the job if you want a solid color. Unlike enamel paint, epoxy paint is far more resistant to chipping and cracking.
Update your lighting fittings now. This is a terrific way to bring the aesthetic of the house together for your potential renters, and they’ll be thrilled with the results. Big box retailers, in our opinion, provide the greatest value and product variety for these items. Finally, keep in mind that renovating your rental property is an important aspect of the leasing process.
Property Renovation Tips
Find out how long a property has been on the market if it catches your eye. For properties that have been on the market for a long time, it’s probable that they won’t be a great investment. Check to see that you aren’t wasting your money on a hopeless endeavor. Old homes are full of surprises, such as wallpaper that is keeping the walls up.
So, before you make a selection, pay a lot of visits and bring along competent craftsmen to check out what you are purchasing. Be careful not to overindulge your appetite! If this is your first time renovating, make sure your expectations aren’t too high. Why not opt for a home those only needs renovations, rather than taking on a structurally decrepit house?
Be precise when calculating your funds. Even though this may be tough, make a budget and then put away an additional 15 percent for unforeseen expenses. Some are on the way. For the project to succeed, it must be handled from start to finish. Make sure you have all of your quotes in advance so that you can precisely estimate your costs.
Be wary of putting too much faith in projected completion dates, since they are almost always wrong. Be prepared for things to take longer than expected. To get things done, you must be willing to give up your heirs and graces for some time and live in a builder’s yard; this is the only way.
