What to Renovate in Your Rental Home in Fresno

Fresno population is growing and investing in real estate here is a booming business. However, it is important for investors to work closely with property management Fresno companies if they want to maximize returns from their investments. Other than helping you to take care of your investment, Fresno property managers understand the demands and expectations of tenants and can therefore help you with ideas when renovating your rental home to make it more attractive to potential tenants.

Remember that Fresno property management work with tenants all the time and they can help you as an investor with useful renovation ideas that could add value to your property and make it more attractive to potential tenants. They can also give you tips on how to expand your rental space so that you can maximize on rental income. Here are some of the key things that you should consider working on when renovating your rental home in Fresno.

  1. Add additional income Suite in your rental home

Some rental homes are situated in a big and spacious compound that can be used to build an additional income suite within the property. Remember when you decide to rent out your home, chances are very high that tenants may not need a big space like you. It could be profitable if you had additional structures and let out so that they can earn you more income. For instance, you can renovate the basement of your home or the parking and garage so that you can rent it out separately. You can also divide big rooms in your house so that you can rent them out separately if the tenants you are targeting cannot afford renting the whole house.

rental home

      2. Improve the shape of your kitchen

I am sure you have heard some people say that Kitchen is the heart of every home. This is very true because the majorities of renters are very categorical about the condition of a kitchen of the house they are renting. Some tenants are very concerned about the kitchen to an extent that they are ready to compromise other things as long as the kitchen is appealing and meet their expectations. You can improve your kitchen by adding some new appliances and adding modern cabinetry and under cabinet lighting among others.

     3. Replace the flooring

It is very important to replace the flooring of your rental home before advertising it to potential tenants if you want it to attract more renters and fetch you more rental income. This is because tenants are very concerned about the flooring of the house they are renting. You can install some hardwood floors and quality tiles in your rental home as a way of adding some value to it. This will not only make your home attractive to possible tenants, but it will also make your home gain value.

    4. Replace the fittings and fixtures in your rental home

If you do not know, tenants are attracted to rental properties that are fitted with new and attractive fittings and fixtures. For instance, if your rental home has old fixtures, it is important to consider adding some new cabinetry, light fixtures, faucets and counter tops in your home among others. Tenants are more attracted to what is appealing to their eyes before they even consider other factors such as safety and convenience. However, you need to work closely with  local Fresno rental property management so that he/she can advise you on important fittings and fixtures you should add to make your rental home more attractive to potential tenants.

 

Simple Ideas to Enhance the Look of Your Rental Property

Real estate investment can be a very profitable business throughout the country as long as you can reach possible tenants to occupy your rental property.  Real estate in the U.S. has attracted many investors and the market is highly competitive. Although rental property owners are required to market their properties extensively, they also need to make sure these properties are appealing to potential tenants. The following are simple ideas that you can use to enhance the look of your rental investments and make them more attractive to possible tenants.

  1. Involve a reputable property manager 

Tenants are more attracted to rental properties where they can get total value for their money. Potential tenants are attracted to properties where they are confident they will get excellent customer support. You can attract possible tenants to occupy your rental investment by hiring a reputable property manager to take care of your properties. Potential tenants are attracted to property managers with a good reputation and good tenant relationship. Your property may not be the best in the estate, but still attract possible tenants depending on the reputation of the property manager taking care of it.

reputable property manager

  1. Develop your property from a tenant perspective and not an investor perspective 

In the real estate market, tenants and property owners may sometimes have conflicting perceptions about a good rental investment. While an investor might be interested in certain features, possible tenants might be looking for different features. It is important for property owners to understand that they are in business, and make sure they have developed their properties from a tenant perspective. Make the changes you would want to see in a property you would live in. Be mindful of the price you can charge for rent for the particular unit when making these changes.

  1. Include quality fittings and fixtures 

Many people tend to use attractive quality fittings and fixtures when building their homes but ignore them when building properties to rent. It is important to understand that tenants also want to live in good houses with quality fittings and fixtures. Although quality building materials are more expensive, it is worth the cost putting quality fittings and fixtures in your rental house in order to make it more appealing to possible renters. It is better to spend more when building your rental property and have renters competing for your house afterwards.

  1. Invest in professional photography 

The first impression that possible renters get when looking for a rental property is very important. The quality of the photos that you use when marketing your rental investment determines whether possible renters will call to inquire about it or not. You can make your rental investments appealing to possible renters by investing in professional photography instead of taking your own photos. This small investment can go a long way.

  1. Good presentation to potential renters  

Although this might seem like stating the obvious, the way you present your property to potential renters really matters. You can present a standard property to potential renters very well, and it appears like an excellent property. Make sure your property is freshly cleaned before presenting it to potential tenants and take your time to show possible tenants every detail in your property.

  1. Regular repairs and renovations  

You can attract potential renters by doing regular repairs and maintenance to your property to make sure it is in always good condition. It is good to renovate your property every time a tenant leaves so that it can appear new to the eyes of future tenants. Make sure you have done necessary repairs and painting before listing your property.

  1. Give your property a nice compound 

Many potential renters are attracted to properties with a well-maintained compound. You can attract more potential renters by making sure your property has a well-maintained outdoor area, attractive lawn and a spacious compound where children can play comfortably. You can use the outdoor area surrounding your property to attract potential renters and make your property attractive.

  1. Capitalize on quality communal areas 

Another very effective strategy that you can use to make your rental investment attractive is to capitalize on the shared facilities. Many potential tenants are interested to know what shared facilities are close to a property they are about to rent and whether they are in good condition. You can mention things such as a common swimming pool within the compound, a shopping mall, a day care and even a playground where children can play and have some fun. Your property may not be the best on the market, but it can still attract possible renters if it is close to quality communal areas and shared facilities.