5 Easy and Inexpensive Ways to Increase Rental Property Value

If you want to achieve an attractive rental that can draw-in tenants, amenities must be installed. Here are a few amenities that can be smart additions and transform the entire property's curb appeal a level higher than where it already is.

Energy Efficient Windows

No single person would want to spend extensively for monthly electric and gas bills. Energy efficient windows are one of the most obvious fixes that can aid in maximizing a renter's budget. Through educating potential buyers about this improvement, each one will most likely appreciate that they will be able to enjoy a warm house minus the ceiling-high energy bills.

Detached Garage

There are locations that do not offer a garage of this kind. If a property has one, this can multiply the property's value in many folds, About Home said. Even with the presence of a carport, the property owner will reap great amounts with shedding out so much.

Patio & Decks

While this may not be one of the essentials, an added deck or patio can expand the home's living space. When these are added, a home's creative value will be increased. With a cost-effective project, additional space and style can be emphasized.

Bathroom

Once again, this does not have to consume whatever is in the bank. As long as you know the easy and cost-effective ways of upgrading a bathroom, the home will significantly be more important than others in the list. A new faucet or mirror can already make a bath more stylish. New bathroom tiles can also make a small bathroom look bigger, more beautiful and chic.

Attic Bedroom

One of the easiest methods in adding living space is turning an attic into a bedroom. This can increase the home's value tremendously through making the existing footprint bigger, Litchfield Builders said. The property owner can make this a child's playroom or a guest room.