Some of the basics according to the latest statistics include:
Landscaping can directly impact your occupancy rate. The materials used are relatively inexpensive and the work can be handled by unskilled labor.
Clean Building Walls Walk and Driveways - pressure washing a property makes a big difference in how it will look. Patch and repair the asphalt and concrete as required.
Outside Entry and Exit Doors – replace with new wood or fiberglass exterior doors (they are more durable than steel). Remember, exterior doors can be inswing, outswing, left-handed, right-handed and more. The price of the door should include both the frame and door (most new doors come as pre-hung units; the old frame is removed and then the new one is installed).
Kitchen Cabinet Doors – remove doors and fill in front frame with wood putty. Sand and paint the complete cabinet inside and out. Replace cabinet doors with new solid wood doors and then paint. Replace all hinges and knobs with new.
Kitchen Backsplashes - add value to properties. They are durable and easy to clean; they also help to keep walls grease free.
Flooring – never choose carpeting, and if you have it and it’s worn, replace it with wood. Tenants love wood flooring and will pay a premium to have it in their rental (it also gives you an advantage over other rentals in the area). Additionally, wood flooring rarely needs to be replaced (carpet needs to be replaced every 5-years and looks dingy during the intern).
Increase the Rentals Market Value
Stackable Washer/Dryer – if there is room or if an adequately sized cabinet can be constructed near a water and waste system this is a great way of increasing the rental value ($50-$80 month). Your potential cost for this combination is around $1,200.00