Are you looking to boost your rental income for your Silicon Valley rentals? Are you interested in increasing the property value of your rentals? increase property value? Home improvements are the quickest way to add value to your rentals, specially with small kitchen and bathroom remodels.
While a complete kitchen or bathroom renovation gives you high return value; they can also become expensive projects. Focusing on the most high-value home improvements will enable you to increase the rent and make the property more appealing to prospective renters. All your rental property updates should be planned with a budget in mind, since you are not the one living in these units.
The quickest and least disruptive way to update the look and feel of your rental property are:
- Stainless Steel Appliances
- Updated Counter Top
- Fresh Color schemes
- Common Spaces
When selecting finishes for your rental property, you need to keep in mind that you are trying to appeal to the majority of the population of home renters. So, use neutral colors that will not create problems for your tenants when it comes to matching furniture or drapes. These small changes should appeal to the largest group of the renters who are looking for a safe and clean place to rent.
Avoid over-the-top amenities in your rental remodels. For instance, very few tenants value a high-end finishes such as towel warmers. So, you would only be creating maintenance headaches for yourself. Also, avoid top end of appliances such as Viking since replacement parts for these appliances are too expensive and will eat into your return very quickly.
Contact us if you rentals in Saratoga, San Jose, Campbell and Los Gatos since we have pre-approved tenants ready to rent.