Is your Boise, Idaho rental property looking out-of-date? If so, then it’s important that you consider renovating it.
Remember, as a landlord, it’s your responsibility to keep your property in good condition. If you don’t, a number of problems can arise. According to Idaho landlord-tenant law, your tenants will have three options at their disposal.
The first option they can take is to move out without facing any penalties. The second option they have is to take care of the repairs and deduct the appropriate fees from the rent. The other option your tenant can take is to report you to the local authorities.
Neither of these three solutions would be good for your rental business. That’s why it’s important to carry out regular inspections and renovations.
But remember, this isn’t your home. While you may worry about certain things here and there, your tenants only require a decent place to call home. Focus on making the property functional, and forget about the luxurious stuff.
So, which renovations are worth their weight in gold? Well, you need to improve your property’s curb appeal, light things up, and do general face-lifting. These three renovations will not only boost your property’s appeal, but they will also save you money.
1. Improve your property’s curb appeal.
What impression will potential renters have when they visit your rental property?
If it's not great, then it may be time to make some changes. The first impression that potential tenants get when they visit your property will determine their decision to rent it or walk away.
The following are some things you can do in this regard:
- Go green. Adding some fresh greenery and flowers are the most obvious way to boost your property’s curb appeal. If you don't have the budget for putting up a garden, there is nothing to worry about. Just add some planters and window boxes.
- Pay attention to your lawn. One big part of maintaining curb appeal is through lawn care. Take care of your lawn by pulling weeds, raking off leaves, and mowing the grass.
- Hide electrical fixtures. An electrical box at the front of your property can be a real eyesore. Hide it by doing a quick paint job.
- Add some front door décor. Still, think wreaths are only meant for Christmas? You might have to think again! Wreaths can give your front door an exceptional dose of added beauty. Look for wreaths made from dried florals and preserved greens. Alternatively, purchase one made from faux plants.
With these small improvements to your curb appeal, you can be certain it will look good and attract a larger number of tenants.
2. Light things up.
Good lighting makes all the difference. As a landlord, your goal is to make your Boise, ID rental property as desirable as possible. Light makes a space feel larger and more welcoming.
Utilize natural light and colors to better illuminate your property. Incorporate lighting layers for the purposes of adding function and visual appeal.
Here are some tips to get you started:
- Maximize natural light. You can do this by simply cleaning your windows. It’s cheap, simple, and really does make a noticeable difference.
- Incorporate reflective surfaces into your home. Metallic finishes, glossy floors, and mirrors will bounce light around a room.
- Use CFLs or LEDs for energy efficiency. CFLs have a tendency to emit harsher lighting, but you can try full spectrum light versions that enhance reds and blues.
- Choose the right shade. Depending on the hue you choose, colored shades will tint the light, making it appear cooler, creamier, and warmer. White shades usually create a colder tone even if they let more light through.
3. Do general face lifting.
A few changes here and there would have a big impact on retaining your tenants. Remember, high-quality tenants usually expect a high standard of living.
Your cabinets, handles or doorknobs, for instance, might have aged and stopped functioning as they should. Tenants who move in would most definitely notice.
What are some of the things you could do to give your property a face lift?
- Give your property a good scrub. Presenting a clean rental property to potential tenants projects a subtle yet strong image. Deep clean cabinets (inside and out), polish all appliances, and mop the floors.
While at it, don’t forget to look up. Ensure your light fixtures and fans are free from grease, cobwebs, and dust.
- Go neutral. If you haven’t painted your property using neutral colors, it could be the reason why tenants are shying away. Neutral colors give tenants a blank slate to work with.
Neutral colors include cream, grey, and beige. These generally appeal to the masses. While you may think lime green kitchen cabinets lend a contemporary twist or a hot pink bathroom is spunky, most people don’t.
- Know which materials to use. Since you are looking to save money, know which materials are cost-effective and which ones are not. Consider using melamine for things like drawers, doors, and kitchen cabinets.
Melamine wood is inexpensive and lasts longer. It’s also easy to clean and easy to re-coat.
Over time, carpets wear out. If your budget can allow it, we highly suggest that you invest in a decent hardwood floor. It’s not only easy to clean, but it’s also more cost-effective in the long run.
These are the 3 proven home renovations that you could implement yourself to invigorate your property’s appeal and save you money. Every day your Boise property is vacant costs you money.
Remember, you can only get a tenant if you have a property that stands out.