Location isn’t everything. The condition of the home also plays a huge role when pricing a rental property. While some renovations can be extremely pricey, there are other more affordable changes you can make to improve your investment.
To make sure you’re getting the most from your rental property, try fixing things up with these low cost updates.
Install new kitchen and bathroom cabinets.
Replacing your kitchen and bathroom cabinets doesn’t have to cost a fortune. There are plenty of ways to update your cabinetry on a budget. First, try shopping online. When companies like The RTA Store are able to eliminate overhead (such as brick and mortar expenses like rent and utilities) they can often pass those savings along to their customers. Secondly, shop for ready to assemble cabinets rather than pre-assembled. DIY kitchen cabinets and bathroom vanities may take a little more time and effort to install but they cost significantly less. Lastly, look for solid wood cabinetry with modern features like soft close drawers and dovetail joints. Quality construction means a higher return on your investment, and the little “extras” will help your property stand out to renters.
If you’re a little hesitant to dive into the world of DIY kitchen cabinets and bathroom vanities, let us help. We offer free a room design service to make updating your rental property as easy as possible. Just fill out the contact form and one of our design specialists will reach out with the next steps. Once we have all of the information we need, we’ll put together your custom layout, photorealistic renderings, and an itemized price list.
Skip the expensive (and easily damaged) flooring and countertop options.
While splurging on wood flooring or granite countertops might be worth it in your home, you’ll want to pass on the pricey materials for your rental. Whether you are renting to college students or a busy family of four, no one will treat your property with the same care you would. In other words, go for the durable, economical flooring and countertop options like acrylic solid surface countertops or wood look tile flooring. These look-a-like materials mimic their pricier counterparts while offering resistance to water, scratches, and stains.
Add a backsplash in your kitchen or bath.
The right backsplash can totally transform a kitchen or bath — and this easy upgrade is gentle on the wallet as well. Starting at just a few dollars per square foot, you can tile the area above your countertop or bathroom vanity for less than you think. Pick a style that matches the theme and color scheme of the room, and give your kitchen or bath a much-needed pick-me-up.
Replace the hardware around your home.
Nothing screams “old” more than rusty hardware. Whether your cabinet pulls are outdated or your towel racks have seen better days — we say, “Out with the old and in with the new!” Replacing these pieces is fairly inexpensive and you’ll find plenty of affordable options in chic, modern styles. Take a look at the selection of bath hardware, cabinet pulls, and knobs from The RTA Store to get some inspiration for your rental property.
At The RTA Store we help make your dream home a reality with RTA (Ready To Assemble) and Pre-Assembled cabinets and accessories. Whether it’s your kitchen bathroom, laundry room, home office, bar room or TV room, we offer the same (if not better) quality you would find at any retail store, but for a fraction of the price. Stop by our website or give us a call and let us make your dreams come true with the help of our free room design tool!