Does Performing Updates to Your Rental Property Pay Off?

Maintenance, repairs, and even minor remodeling can pay off in a major way for your investment property.  In, “Best Bang for Your Buck,” author Mary Umberger of Inman News highlights many home improvements with high resale return rates.  But if you’re an investor, you need to know what the return on these projects will mean for your rental property.

Renters look for many of the same things buyers look for in a home.  Nice counters, neutral paint, clean carpet and good appliances will all go a long way toward boosting your property’s value and desirability.  And don’t forget curb appeal!  Replacing your garage door or even planting flowers and performing minor landscaping can make your house seem more like a home, and that’s what tenants need– a place to call home.


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