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Evaluating Benefits: Upgrades to Your Rental Property

Woman wearing yellow gloves and red shirt painting kitchen cabinets. Thoughtfully planning to upgrade your single-family rental home each year is not just a wise investment strategy, but, besides that, also a financial security measure. Just as rental homes must be regularly maintained, they should indeed be updated to keep them current and competitive in the market, thereby properly ensuring a steady increase in property value as time goes by.


Property values throughout Lynchburg rely very much on the home’s condition, so investing a little to recondition and update things occasionally is worth the time and cost involved.


Having said that, not all upgrades impart direct benefits for property owners. In actuality, a number of enhancements have, indeed, 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

Providing new kitchen cabinets in your rental properties may certainly look like an upgrade that would benefit you and your residents. Your residents will be joyful with superb cabinets, and you might deem that new cabinets would keep your property values spiraling up. But in reality, kitchen cabinets are one upgrade that isn’t worth the cost because any increase in value you might see won’t be like much of what you’ve spent on the job.


If the kitchen cabinets in your rental are in actually dismal shape, you should thoroughly replace them with something new and functional. Otherwise, a good cleaning or a coat of paint or stain is all your cabinets need to keep them looking incredible.

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 entreat for upgraded blinds, valences, or drapery systems.


But while owners expect residents to make a rental home comfortable, there’s no concrete benefit to providing any window treatments beyond a few high-class but essential blinds or shutters. Fancy window treatments don’t add a lot to the overall value of your property and are tied so explicitly to an individual style that they scarcely have general appeal.

Trendy decorative features may not benefit tenants

Speaking of personal style, other decorative features like custom garage doors, posh paint colors, and so on seem like a beneficial way to charm quality residents. But in reality, as with window treatments, the appeal of decorative features is a matter of personality. Therefore, upgrading beyond good quality, basic doors, windows, and interiors holds minimal to no benefit for property owners.


Residents may love trendy decorative features for a little while, but as trends change, so will that interest. To develop a quality home with lasting appeal, avoid the newest trends and note the less exciting but correctly more tried-and-true décor for rental homes.


Whether you’ve executed upgrades or not, rental property maintenance should constantly be a priority to maintain value. At Real Property Management Cairn, we safeguard your Lynchburg investment while setting up outstanding relationships with your residents. For more information in connection with our property management services, please contact us online or at 434-215-3028.

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