A rental property owner is aware of the significance of equipping the San Mateo house with amenities. This has a major role in attracting tenants, while also increasing your Return on Investment (ROI). Rental renovations could be a great way to maximize these benefits as including modern amenities and high-quality features in your rental unit can generate a positive cash flow.

Although you must not refurbish a rental like your personal home, you can ensure that your tenant enjoys a quality home ambience. Here are a few rental renovation ideas you can employ for obtaining a high ROI.

Invest in quality flooring

The floor is literally the base of the house and has a major effect on the appearance of the unit. It can make the space look aesthetic or average, wider or smaller. Investing in decent flooring can uplift the look of your house, add value to your property, and also make your potential tenants happy.

While carpeting is more affordable, investing in good-quality flooring will benefit you in the long run. Additionally, high-quality flooring will be great in terms of usability and durability.

A quality, weather-proofed rooftop

The roof that protects your house from the heat, rain, and uncertainties of the weather, is continually being affected by the same. While you may seldom experience problems like collapsing of a roof, neglected cracks atop can cause severe leakage issues.

Investing in building a quality rooftop will save you from frequent minor, yet costly, repairs. Regular inspections and quick fixes are also to be considered, especially during seasonal changes. This will ensure that the roof is in a good condition, and safe to live under.

Remodeling the Kitchen

Tenants usually prefer a spacious kitchen. Using poor quality material for your rental property’s kitchen can cause your renters to change accommodation, costing you a good tenant.

You can consider remodeling your kitchen to include more modern and spacious cabinets wherein the renters can stock food items, cookware, and other kitchen appliances. Think granite or quartz, to make sturdy countertops.

Fix plumbing issues

Leaky fixtures in the kitchen and bathroom are every tenant’s nightmare. If your rental unit’s plumbing is rusty, it might make sense to replace the entire plumbing system with a more durable alternative, to avoid recurring maintenance costs.

Well-designed tapware and copper/ bronze pipes are a trend these days. Making efficient repairs or renovating the plumbing essentials can add to your tenant’s convenience, and cause fewer problems for both the parties involved.

Create an aesthetic look for your investment rental unit

The outward appearance of the house and its premises is as important as the interior. It can make or break the first impression of your rental property, and win or cost you the deal.

You can hire a professional landscaper to design the landscape around your home and make it look beautiful. Gardening, or having a seating arrangement on the lawn are some ideas to add to the aesthetic of the space. Once these changes are done, you can increase the rental charges for the add-ons you’ll be providing, thereby increasing ROI.

Make space for home offices and storage

As the work-from-home culture evolves, everyone needs additional space in their home to use as a storage unit or a workspace. Rather than tearing down walls to expand the space inside the house, you can add another room, especially if you own a family unit or duplex and have enough space.

Consider making optimum use of the attic, or adding a patio. The rent you charge can be hiked if you provide your renters with large rooms or other spaces to use, thus increasing your ROI.

As a landlord, you can calculate your property’s ROI with the help of qualified and trusted San Mateo property managers, like Bayside Management. With the help of the right analytics tools, we can help you evaluate the performance of your investment properties and advise you on the rental renovations that have the potential to increase your return on investment. Contact us with any questions you may have.

Founded in 1982 in Marin County, Bayside Management has expanded to offer full-service San Mateo property management to the entire San Francisco Peninsula. We manage single-family properties, multi-unit complexes, commercial properties, and homeowner associations.