As a Property Management Phoenix Company, we know how important it is for property owners to boost the value of their rental properties. With some simple and affordable upgrades, you can considerably augment the assessment of your property. This is vital, especially when you are getting your property evaluated for equity home loans or looking to sell the property. There are economical and quick ways to raise your property value. Here are some methods to help you increase the value of your property in Phoenix.
Upgrade your Kitchen the affordable way
The most important part of your home is the kitchen. Many families spend most of their time in the kitchen than any other room. When it comes to a straightforward remodeling project of your kitchen, it requires replacing appliances and cabinets. As simple as this may sound, such a venture can cost as much as $20,000. As a homeowner, you can save a substantial amount of money on improving your kitchen by resurfacing cabinets instead of replacing them. You can also buy used appliances instead of buying new ones. If your kitchen transformation projects done professionally, you can expect substantial returns.
Revamping the Bathroom
Another significant room in a home that acquires much attention and traffic is the bathroom. By doing a simple bathroom, remodeling you can increase the property value. This involves painting walls and fitting new hardware and appliances such as towel racks, toilet paper dispensers, and a shower. This improves the appearance of the bathroom and increases the property value. Major bathroom renovations could entail creating more storage space by replacing the bath or toilet as well as replacing the floor.
As a Phoenix Property Management Company, we have seen many properties to know that with some simple alterations you can convert your unused basement, garage, or attic into a living space. With some conversions creating extra space in your home and by fitting new panels, and replacing floors and carpets the value of the property increases. Make sure that the added living quarters have sufficient cooling and heating. Make sure that there are no leaks on walls and roofs before starting the alteration. Plan before starting any building or alteration projects, for example, if you have an extra garage this provides you with a better wood working shop than a living room.
Understand simple remodeling projects
By understanding some simple modernizing projects, you can increase the value of your rental property in Phoenix. If you own a two bed roomed house and have an unused office space, you can add a built in cupboard and change it into a bedroom, thus making your home a three-bedroom house. With some easy changes, adding living space or improving functionality in the home, you bring the best income as well as improve the apparent assessment by prospective tenants. If you have, any questions regarding on how to improve your rental home, feel free to contact us at Opulent Real Estate Group to help answer all your rental and tenant concerns.