• March 16, 2020

Rental Property DIY for Maximum ROI

rental property diy

Rental Property DIY for Maximum ROI

Rental Property DIY for Maximum ROI 1024 683 Relevé Real Estate

Rental property DIY projects are quite different compared to what you would do to renovate a home you live in. When you renovate a rental property you need durability, longevity and an edge in the rental market. Here are the Do-It-Yourself projects to get the highest rent possible and preserve your investment:

Paint

The most obvious project would be painting the interior of your property. The project can be very time consuming but can save you thousands of dollars and provide an instant upgrade to prospective tenants. Using exterior paint for the interior can increase the longevity as stains can normally just be cleaned up rather than touch-up paint. Neutral but not boring colors can appeal to a wide range of tenants.  Our recent favorite color is Sherwin Williams Repose Grey.

Flooring

Although it will take time and money, floors can be redone relatively simply today.  Vinyl flooring and other new products can cut to fit very easily and essentially just stick on to the floor.

Paint Cabinets

The tv shows are popular where they go in and demolish the kitchen.  But this is oftentimes unnecessary.  You can bring new life to a kitchen by simply painting the cabinets, its an instant upgrade.

Hardware

A simple and inexpensive upgrade can be to change out the hardware on your cabinets and fixtures.  This will make your property look more upgraded and modern.

Smart Home

Smart home technology is getting more affordable and user-friendly.  Devices like smart thermostats, smart door locks, and smart cameras can give you an edge in the rental market.  Being able to advertise as a smart rental will make your property more energy-efficient, automated and safe.

Paint other Areas

Painting a lanai floor can freshen up the outside and make it more appealing.  Staining a deck can instantly improve the impression of the rental property.  Instead of using an epoxy garage floor kit, just use some primer and paint to make your garage look great.

Pressure Washing

Pressure washing provides immediate benefits to dingy-looking areas.  Driveways, sidewalks, walkways, roofs, and entrances can go back to looking like new for very little comparative costs.

What are your favorite rental property DIY projects?


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813-995-7670 | hello@releverealestate | 18865 SR 54 Ste 233 | Lutz, FL 33558 | This post appeared first on Relevé Real Estate. Content is for information purposes only.
Summary
DIY Projects for your rental property
Article Name
DIY Projects for your rental property
Description
Keep projects for your rental property focused on longevity, durability and what will get you the highest market rent. These do it yourself projects will return the most money back to you.
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Publisher Name
Releve Real Estate LLC

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