When you are looking for the best upgrades to increase your rental property income in King County, you might be looking too widely. What does this mean? Well, sometimes it’s the small changes that will get you further than the big changes will when it comes to the best rental property upgrades. Things like upgrades to the lighting or hardware in the home, or even a fresh coat of paint, can go a lot further than you think. Learn about the most important rental property upgrades that you can make without breaking the bank. The following is a must-read for landlords and rental property owners in King County, which includes popular rental property areas in Bellevue, Kirkland, and Redmond.
New Hardware, Faucets, and Other Touches
Cabinet handles, drawer pulls, light switches, outlet plates– these are all inexpensive, simple items to replace that can make a huge difference in the look of a space. Imagine instead of spending $5,000 on a kitchen renovation that you instead spend a few hundred dollars updating hardware and switch plates throughout the home. For those on a budget, these are some of the best rental property upgrades.
You’ll still be able to increase your rental price slightly because the place looks more modern, but you won’t spend a fortune upgrading. These are by far the best upgrades when you want to maximize your rental property investment.
Lighting
Light fixtures make a big statement, whether you realize it or not. Aside from the fixtures needing to be in proper working order, they should also be modern and fit the space. If you splurge and upgrade the lighting fixtures to something more modern and inviting, people again will be willing to pay more for the updated space. This is also one of the best upgrades because it saves energy– most new lighting fixtures use energy-efficient LED bulbs.
Paint
You don’t just need fresh paint– you need a fresh color. Although you want to keep it neutral, it’s no longer in your best financial interest to go stark white, or even off-white with the entire unit. Consider some beiges, greys, or other neutrals that are modern and fresh. For a few hundred bucks, depending on who does the work, your rental property will look like a whole new place. The affordability is what makes this one of the best upgrades for most rental properties.
Curb Appeal
Landscaping is a little thing that can go a long way. You don’t have to go all-out and spend a small fortune on a full overhaul to get the best upgrades. Just clean things up, add some “homey” touches, and make sure that your property stands out. People want a place that looks like home, and they’re willing to pay for it. If you invest a little in landscaping, you can get a lot in return. It’s one of the best rental property upgrades that also can give you more pride in your property.
Basic Security Systems
Thanks to smart technology, home security is more affordable and simple to install than ever before. People who are renting always want to feel more secure living in someone else’s property. With a simple security system or even a basic doorbell camera, you can garner a higher rental income and guarantee peace of mind for your tenants. Security is always going to be one of the best rental property upgrades.
How to Choose the Best Rental Property Upgrades
The best rental property upgrades are going to boil down to a matter of personal preference and what you think will work best in your market. Look at your tenants or potential tenants and what they’re asking for in rental units. Check the market to see what’s hot and trending. In King County, you can also enlist the professional property management assistance of SJA Property Management. We are ready to help you with all of your Eastside property management needs.
Of course, having a professional property manager experienced in Eastside rental property management will be an income booster in and of itself. The team at SJA Property Management has years of professional experience as a property manager in Bellevue, Redmond, Kirkland, and other King County Washington areas. We can assist with a variety of aspects of property management, including helping you choose the best rental property upgrades for your Bellevue property or other King County rental.
Call SJA Property Management now to discuss how our services can save you time and money so that you can boost your rental income and reduce your landlord’s responsibilities at the same time. We’re your total solution property manager and can even help with the best upgrades discussed to improve the potential rental income of your property.