Essential Property Upgrades to Maximize Your Property’s Rent Rate

1. Essential Property Upgrades to Maximize Your Property’s Rent Rate Are you looking out for ways to increase the value of your property? If yes then here are the right tricks for you. Whether you own a condo or an apartment, you are always thinking of making more money out of your property. It is always good to keep your property well maintained throughout the year, so that it never ceases to attract the tenants. While you prepare your vacant property for the tenants, do not overlook the importance of upgrades. It is not only about painting the walls and shampooing the carpets, you will have to run that extra mile to get better rent rate. Below discussed are some of the property upgrade ideas that can fetch you higher rent money- Property Upgrades to Enhance Property Value and Rent 1.Install appliances- Appliances are that one thing that tenants look for when they enter into any home. If you think that those mismatched and old model of appliances can get you top pennies then you should think twice. So, you should install the best available appliances including dishwasher, washing machine and others. When you have these appliances installed, you can expect to have a better rent from the tenants. 2.Flooring- If you think what works better- carpet or flooring, then choose flooring. Flooring is one perfect solution to glam-up the look of your home. These days, wooden flooring is in much trend, as it looks attractive and increases the value of home. Right

2. from laminate, plank, bamboo, hardwood and faux wood, you can choose any. You can also choose to have carpets in your bedrooms and wooden flooring in hall and alleys. Rest, a proper concrete flooring will stay durable and sturdy for the years to come. 3.Install baby gates- Installing baby gates can enhance the value of your home and in turn, will maximize the rent of it. If your rental house has stairs or even has 2-3 steps, installing baby gates will be of great help to the tenants with children or younger family members. If you think that it will cost you much then yes, it will. But, it is onetime investment and will save you from future troubles. You should know if there is any casualty of child, then the landlord can be held liable for it. Thus, installing baby gates will avoid such accidents. 4.Countertops- If your rental house has age old counter top then you should get it changed now, so as to maximize the property value and rent. The best choice would be to install granite and quartz. Just keep in mind that you have to choose the material that is durable, offers better functionality and looks captivating. Also, you can get various colors in granite including, black, jade, red and others, which you can choose according to the entire theme of the kitchen. With this, you can get the board cabinets and drawers also changed. 5.Better windows- You should consider upgrading your windows to new double pane windows, so that the house has better ventilation and restricts the outside noises to enter inside. These windows will also aid in keeping the cold and hot days balanced. You can further choose to have blinds on the insulated windows. 6.Plumbing fixture- Yes, this is another essential upgrade required. You should get all your plumbing fixtures upgraded, so that there is no leakage or any other related issue for the years to come. You can go with a shiny chrome finish or brushed nickel, as per your set budget. When your tenants will know that the entire plumbing fixture has been renovated, they will not be reluctant in paying a higher price for it. Therefore, it is the time that you focus on revamping your property and upgrades it to receive higher rent for it. To manage it, you can hire best Property Management Company in Maryland that will take care of your property. The professional property managers will handle all the property related tasks including screening the applications of the tenants, shortlisting them, verifying them and then choosing the one with the clear records for your property. With this, they will also handle the rent collection task and will ensure that the tenants pay rent on time. Yes, the company follows strict rent collection policy, so that no tenant fails to pay the rent and if at all that happens, penalty is charged. Everything is taken care by the team of professionals of Property Management Company in Baltimore. When it comes to hiring the one best company, you can do your own research and look up the reviews of different companies. The ones that have positive reviews should be selected and the others should be avoided. So, as a landlord, you should now try to upgrade your property and maximize its value and rent. Good luck!