5 Easy and Affordable Ways to Update Your Rental Property12th October 2022
As a landlord, spending more money on your rental property can be a difficult consideration since an additional investment could mean lower profits for the next few months.
However, making essential renovations to a rental property provides several benefits, so that in the end, the money you put into it will be worth your while.
When you update your rental home, you can attract better renters and reduce turnover eventually since appealing and problem-free property gets occupied faster and for longer.
You can also charge your new tenants higher fees when you renovate a rental property they want to move into.
Moreover, updating your rental home doesn’t mean putting all your money into this project. There are several ways you can upgrade your property without breaking the bank with cost-effective and appealing designer wallpaper, carpets, rugs, and fabrics.
Inexpensive, Stress-Free Ways to Upgrade Your Rental Home
When you’re ready to upgrade your rental home, consider these tips and tricks to renovate your property inexpensively and easily:
1. Use Wallpaper
Wallpaper is one of the best home improvement materials you can use for a rental property makeover.
Wallpapers are cost-effective and easy to install and remove. Moreover, there are various ways to use them to upgrade your rental home.
Aside from covering and updating walls, there are other ways to use rental-friendly wallpaper creatively to update the property. These include:
- Creating an accent wall in the living room, kitchen, or bedroom.
- Updating the cabinets, shelves, and drawers.
- Using them as faux paneling or cladding.
- Decorating the ceiling.
Wallpaper is a versatile product you can use to give your rental an elevated and appealing look.
2. Enhance the Flooring
If the floor is damaged and looks old and worn, consider replacing it.
And if you want a floor covering material that is cost-effective and easy to install, opt for carpet tiles.
Carpet tiles are durable, easy to repair and replace, and versatile. They can be installed in various creative ways as well.
Additionally, carpets are low maintenance, giving your future tenants an easier time maintaining and cleaning them.
Carpets are excellent flooring options since they are warm to the feet and comfortable to walk and sit on. They also reduce the risk of slips and falls, making them one of the safest floor covering materials around.
Lastly, they are great investments for rental property renovations since they have soundproofing qualities, helping reduce the noise your tenants make and preventing them from disturbing other renters.
3. Decorate With Rugs
If you don’t need to replace your flooring or only want to cover some unsightly or damaged areas, you can use rugs to give your rental a more appealing look.
Use vibrant and stylish area rugs to add color and cover unappealing parts of your floor. Whether you have ceramic tiles, hardwood, or vinyl flooring, these features are welcome additions to the living room and bedrooms and brighten the rental home overall.
If you have neutral and low-pile carpets, you can use rugs to add color and texture to your flooring.
Aside from elevating the look of your floors, rugs can make rooms warmer and cozier regardless of their size.
4. Update Window Treatments
If you provide curtains to the rental units, consider changing your current ones to give the home a new look.
Replacing the old curtains with new ones is an easy way to upgrade a rental property and give it a fresh, modern feel your prospective tenants will love.
Plain fabrics or those with simple patterns and classic colors are the best options for new curtains for your rental. They are the safest choices since some tenants may not be too keen on window treatments with vibrant hues and flashy designs.
If you’re shopping for high-end fabrics in Dubai for curtains, ensure the ones you choose provide sufficient shade and privacy to the home. Examples of these textiles include linen, polyester, silk, and cotton.
5. Improve Lighting
Lighting can completely change the look and feel of a room. It can make it appear cool and modern or warm and rustic.
Since lighting fixtures can dramatically enhance the look and feel of any space, it is a great idea to update them during your rental property renovations.
The good news is there are many expensive lighting features you can get to update your rental home. These include lampshades, wireless lights, pendant kitchen lights, and accent lighting.
Aside from changing the fixtures, replace the bulbs as well. Opt for LED bulbs since they are more energy-efficient and eco-friendly.
Don’t forget to enhance the natural lighting in all the rooms. Consider choosing light fabrics for curtains and draperies and keep them tied or pulled back during the day.
Also, hang one or two inexpensive mirrors in each room to maximize the lighting.
Upgrading your rental home doesn’t have to be expensive, time-consuming, and stressful. With the right supplies, tips, and tricks and a little creativity, you can make your property more appealing and comfortable for your future tenants.
Renovating your rental property also ensures you’ll continue to have a reliable passive income generator for years to come.
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