How to Increase Your Monthly Rental Income with These Smart Property Upgrades

One of the best ways to increase your monthly rental income in Atlanta, GA is to make smart upgrades to your property. You don’t have to renovate the whole house, but with these simple and affordable updates, you’ll be able to earn more rental income and get a high quality tenant.

Appliance Upgrades

It doesn’t cost a lot to replace your old appliances. Your refrigerator, dishwasher and stove should be in excellent working order and look good together. There’s no need to get the most expensive, stainless steel appliances, but replacing what you have with newer models that are in good condition will appeal to tenants, and you also won’t have to worry about them breaking down.

Kitchen Upgrades

Potential tenants will be very interested in how the kitchen looks and works in a rental property. Invest in surfaces and countertops that renters will find appealing, and make sure it’s a comfortable and functional space. If you don’t want to put granite countertops in, consider getting tile. It will make your kitchen look clean and modern. Cabinets should also be updated; if they are old then you should replace them. If they’re still fairly new and they aren’t scratched or worn, simply put in new hardware to give them a fresh look.

Flooring Upgrades

Tenants are looking for clean floors that are intact. Wood floors are prone to scratches and wear, so consider a tile floor that’s easy to maintain and pet friendly. Cheap linoleum can lift up and stain, so avoid putting that on your floors. You’ll be able to get extra rent when you have clean tile floors throughout the property.

Landscaping Upgrades

Curb appeal will bring great tenants to your property, so make sure your front lawn looks good. It should have trimmed trees and pretty shrubs so tenants find it inviting. Keep the lawn mowed, and bring in flowers and bushes that will look welcoming.

Exterior Upgrades

A home with vinyl siding gives the property a uniform look and it’s also low maintenance because you won’t have to paint it. Keep the trim neat and free of chips or scratches. The exterior of the home should look well cared for because if it looks unkempt, prospective tenants will assume that the inside of the home looks exactly the same.

Making inexpensive upgrades to your rental property is well worth the investment. You’ll be able to charge a higher rent and get attention from better tenants. Contact ALH Podland if you need any help deciding what to upgrade in your rental home.