5 Simple Things - Increase the value of your investment property

As a landlord making the numbers work may depend on adding perceived value to your unit.  Get notified when we have a new blog post! Here’s my list of the top 5 simple but effective ways to accomplish this.

1. Changing out bulbs and adding bright warm lighting can appear to add size and warmth to a room. Only mushrooms want to live in small dark spaces.
2. Renew a room's appeal by replacing dated fixtures and old hardware like cupboard handles. It’s cheap but effective.
3. Try to create a continuity to rooms by ensuring the flooring is the same throughout. Mismatching the flooring ie; going from laminate to tile back to laminate can make the room appear smaller and more fragmented than it is.
4. Use spaces creatively, turn unused nooks and unliveable space into desired custom storage. Tenants think about where their belongings will go when they come to see it.
5. What else can go? Are there poorly designed layouts or intrusive half walls affecting the flow and dynamic of your layout? Have an experienced contractor talk to you about your options in removing them.

Finding simple but effective fixes can help increase your rental price, gain equity and get it rented faster. A little elbow grease and creativity can have an impact on prospects, give it a try!

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Photo by Stuart Miles freedigitalphotos.net
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