4 Simple Projects to Boost Your Rental’s Appeal

Property prices in the US have increased year over year by 3.4%, but we’re not happy with that: we think it can be better! Your rental property can increase its value and ensure the tenant applications keep rolling in without sinking thousands into renovations or hiring a team of professionals. A few smart, simple updates are all that is required.  

They may seem like small DIY projects, but the ripple effect of simple upgrades to your rental is significant. You can boost the property value and maybe even nudge that rent price up a notch.

Invest in a shed

Any upgrade that adds practicality and versatility adds value, and a simple shed does this in a relatively affordable way. Sheds give your tenants something that they find incredibly valuable – storage space. They can stash away tools, outdoor equipment, or seasonal decor, freeing up space in the home or garage and keeping things tidy and functional.

Alternatively, you can make your property stand out even more by fitting the shed out as a home office or studio, adding usable space without the headache of a major renovation. A well-built shed gives your rental property more utility, making your home more attractive to prospective tenants and in the market. Sheds are one of the most budget-friendly options compared to other home improvements, especially if you opt for materials like steel. Steel is durable, affordable, and easy to maintain, and this is why adding a shed is at the top of our list!

Go eco!

With rising energy costs and environmental awareness, green upgrades can make your property more appealing, valuable, and, most importantly, better for the environment. Sustainable features often translate into lower utility bills, an undeniable draw for tenants.

Start with practical additions like water-efficient landscaping. Swap thirsty lawns for native plants or install a rainwater collection system. This has the dual benefit of creating an attractive, low-maintenance outdoor space. Solar-powered outdoor lighting also adds both ambiance and security without increasing electricity bills.

You can also invest in energy-efficient outdoor upgrades like proper insulation for patios or weather-resistant blinds for shaded areas. These features will make the outdoor spaces more comfortable year-round, increasing your property’s functionality while you’re investing in a sustainable future that tenants will value.

Boost the bath game

Updating the bathtub is a simple but often overlooked way to improve your rental property’s appeal. It’s cost-effective and gives the bathroom a modern, refreshed look. There’s nothing worse than an outdated tub. It makes the whole bathroom feel less inviting.

Rather than a complete replacement, consider the cheaper route of refinishing the tub. It costs much less than a replacement but makes the tub look brand new. If the surround or tiles are outdated, re-grouting or applying peel-and-stick tiles can instantly modernize the space.  

For a more luxurious touch, swap out old fixtures for a waterfall faucet or a detachable shower head to create a spa-like feel. If your budget allows, a tub-shower combo with a frameless glass door is the chef’s kiss for bathroom upgrades.

Updating the flooring

Like the ceiling, the floor takes up a lot of the visuals in your property; therefore, we are looking to it for upgrade potential. Worn-out carpet or scratched vinyl can make even the most well-maintained property feel dated, while new flooring instantly upgrades the space, making it more attractive to tenants.  

Hardwood, laminate, or luxury vinyl planks are cost-effective options that will modernize your rental. They look sleek and sophisticated and are durable and easy to maintain, which is a major selling point for tenants with kids or pets. Plus, they’re simple to clean, ensuring the space stays fresh and hygienic. Tile flooring is our pick for high-traffic areas, combining style with long-lasting resilience.  

Replacing carpets with hard-surface flooring is also a great way to save future headaches. Carpets often hold onto dirt, odors, and allergens, making them less appealing to tenants and more costly for you to maintain. To keep a cozy touch, consider limiting carpets to bedrooms and using stain-resistant varieties.  

Flooring upgrades don’t have to break the bank. Many modern options are DIY-friendly and affordable, and installation methods like click-and-lock make the process straightforward. It’s a little bit of work upfront, but it will attract long-term tenants willing to pay a premium.

The right tenants increase your investment’s value

RentRedi’s applications and prequalifications feature lets you tailor the screening process so the applications you receive from qualified candidates are top-quality. Manage the entire process with ease from one central dashboard, saving time and finding tenants who will pay their rent on time while taking care of your investment.