Performing periodic renovations and updates to your home can really benefit a Gwinnett property owner. Every year, many property owners in Lawrenceville find themselves thinking about renovations that can be made to their rental properties to attract new tenants or to keep their current tenants’ content. We joined with other Lawrenceville Property Management Companies to compile a list of smaller renovations that go a long way in the eyes of renters. By performing occasional renovations on your rental home, your property stays up-to-date, and your tenants stay happy!
Kitchen Renovations
While gutting the kitchen for a complete remodel may not be on the top of your to-do list, the good news is that with a few small tweaks, you can still give it a fresh feel that makes it more attractive to tenants. Consider making one or more of these improvements:
- New Appliances: Keeping all appliances in the same color palette is a must and adding the latest technology will be more appealing for most tenants. Stainless steel is very durable and will stay at the top of the list for never going out of style.
- Kitchen Countertops: Believe it or not, granite is not appealing to every renter that will come through your property. They do want countertops that are dependable and match well with the quality of other finishes in the home. Try a cheaper alternative to granite, like laminate which can still be styled to look like authentic stone.
- Cabinet Choices: New cabinets make a huge impression on potential tenants regardless of color and embellishments. Cabinets should offer ample storage space for smaller kitchen appliances and dishes, and when space allows, each kitchen should have a pantry. If your home does not have a pantry, get creative with counter space and shelves!
- Flooring Choices: New flooring is difficult because it is not cheap, and every person has a different floor style preference. The safest option is laminate or wood floors for your Gwinnett home. Laminate is cheaper and gives you more options, but wood is more durable and raises your property value dramatically.
Installing flooring options like hardwood, laminate, or porcelain tile allows for higher rent charges and does have advantages over carpet; mainly being that they typically don’t have to be replaced as frequently. Owners and Investors typically stay away from carpet just because of the high risk of staining, and the hassle of cleaning it after a tenant moves out. If your budget allows between tenants, this is one upgrade that makes a huge impression on tenants and your property value.
Bathroom
- Storage: When it comes to having a functional bathroom, it’s all about space and storage.
- Hardware: Keeping your bathroom updated does not have to consist of multiple costly renovations. Start by replacing or switching out your bathroom hardware. This is crucial in keeping a clean, fresh-looking bathroom. Swap out your straight shower rail for a curved one. Curved shower rails expand shower tub space and give the look of a larger bathroom. Next, replace or clean all rusted faucets and knobs. Dirty and deteriorated bathroom knobs can deter potential tenants, so be sure to keep them looking their best!
{The type of tenants you attract is based on your property and how you show it. For example, if you show a dirty property, potential tenants will assume this is how you expect it to be kept and will not take care of it as they should.}
Storage Space
While it may be a challenge to fit more storage space throughout your rental property, property owners in Lawrenceville have found that tenants would sacrifice furniture space in their homes for more storage space. If your rental property does not have sufficient storage closets, you might want to think of a solution. There are many DIY storage solutions for your Gwinnett property that all your tenants will love and appreciate!
Though some of these renovations may seem basic, The Real Property Management of Greater Gwinnett team has found that rental properties that feature one or more of these items are more appealing to tenants and help them take pride in their living spaces. By doing simple renovations around your rental property, your property value will increase along with your tenant satisfaction!
If you are looking to move into Gwinnett County, contact us today for assistance with property management services and we will help you find the perfect rental home! If you own a home and would like to rent it out in Gwinnett County, reach out to us and we will be glad to assist you in the process!