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Evaluating Benefits: Upgrades to Your Rental Property

Woman wearing yellow gloves and red shirt painting kitchen cabinets. Conscientiously planning to upgrade your single-family rental home always every year is not just a wise investment strategy, but supplementarily a financial security measure. Just as rental homes must be regularly maintained, they should, in the same vein, be updated to keep them current and competitive in the market, thereby really making sure of a steady increase in property value as time follows.


Property values throughout Winston-Salem rely essentially on the home’s condition, so investing a little to enhance things time and again often is worth the time and cost involved.


But having said that, not all upgrades give direct benefits for property owners. As a matter of fact, quite a lot of enhancements have quite distinct advantages for residents but don’t add much to the property’s value or help protect your investment better.

Reasonable upgrades to maintain property value

Placing new kitchen cabinets in your rental properties may certainly seem like an upgrade that would benefit you and your residents. Your residents will be contented with excellent cabinets, and you might imagine that new cabinets would keep your property values ascending. But in actuality, kitchen cabinets are one upgrade that isn’t worth the cost because any increase in value you might see won’t match what you’ve spent on the job.


If the kitchen cabinets in your rental are in squarely dismal shape, you should exactly replace them with something new and nice. Otherwise, a good cleaning or a coat of paint or stain is all your cabinets need to keep them presentable and useful.

Fancy stylings usually do not add to property value

Another upgrade that has far more benefits for the residents of a rental home than for the owner is high-end window treatments. To customize their space, residents may request for upgraded blinds, valences, or drapery systems.


But while owners expect residents to make a rental home comfortable, there’s no genuine benefit to providing any window treatments beyond a few of the excellent but essential blinds or shutters. Fancy window treatments don’t add a lot to the overall value of your property and are tied so very keenly to an individual style that they truly seldom have universal appeal.

Trendy decorative features may not benefit tenants

Speaking of personal style, other decorative features like custom garage doors, very trendy paint colors, and so on seem like the best approach to attract in quality residents. But, on the contrary, as with window treatments, the appeal of decorative features is a matter of personality. That is why upgrading beyond good quality, basic doors, windows, and interiors holds insignificant to no benefit for property owners.


Residents may relish trendy decorative features for a moment or two, but as trends change, so will that desirability. To bring about a quality home with lasting appeal, avoid the latest trends and work with the less exciting but cetainly more tried-and-true décor for rental homes.


Whether you’ve completed upgrades or not, rental property maintenance should, in any case, be a priority to maintain value. At Real Property Management of the Triad, we properly take care of your Winston-Salem investment while establishing beneficial relationships with your residents. For more information about our property management services, please contact us online or at 336-355-6666.

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