Investors
By Natalie Boyle, REALTOR®, Founder of Verso Homes (DRE #01329012)
I meet many investors who avoid property upgrades and maintenance to maximize profit. But in today’s market, that’s a big mistake! With rents rising, making the right property upgrades is key to maximizing rental income.
Paint is the top upgrade to increase both rental income and equity. The right colors make your property feel spacious and inviting, attracting higher profits.
Paint Color Recommendations:
Potential cost: $2,000 – $5,000
Add Vinyl Shutters!
An inexpensive way to boost curb appeal is adding vinyl shutters. They aren’t right for every home but can make a big impact.
If you’re up for some landscaping, grass seed, fertilizer, flowers, and shrubs can enhance your property’s exterior dramatically.
Potential Cost: $80 – $300
Vinyl wood flooring is tenant-friendly, durable, and affordable. Avoid carpet in rentals to maximize income and equity.
We recommend lighter wood tones to brighten the space and conceal wear. Flooring from Simple Floors in Orange offers great selection and prices.
Potential Cost: $3,000 – $10,000+
We upgraded this kitchen by adding a dishwasher, new cabinets, countertops, hardware, and appliances, which significantly increased rental income and equity.
Buying stainless steel appliances as a package can save money. Choose neutral pre-fabricated quartz countertops to conceal stains.
Potential Cost: $1,000 – $15,000
Reglazing showers and tubs can make bathrooms sparkle at a low cost. For high-end rentals, consider replacing tile with classic options like white subway tile from Bedrosian’s Tile.
New fixtures and hardware also refresh the bathroom’s look.
Potential Cost: $300 – $400 per bathroom
An easy, affordable update is installing new ceiling fans. Lowes offers great options on sale, sometimes as low as $39!
Replacing old fans refreshes your property’s look and appeal.
Check out other fun ways to update your property at The Posh Home..
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