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Inexpensive Improvements That Can Have Big Impact
Over my real estate investing career, another thing that I have noticed is that you can make some inexpensive improvements to your rental units that can have big impacts. I have found out that it is not necessary granite counters and metal appliances to improve requirement for your units. You just need to think of being unique and providing a place to call home for your tenants that they are proud to occupy. It is important to project the style of an landlord who takes time and want to maintain and improve his/her property.
Many properties possess the old flip light switches that protrude from the wall. These are old to make a rental look dated. Many times I've seen units with painted over as well as cracked or broken light switches. The low profile d?�cor switches cost a little over $2 at most hardware stores. They are simple to install and still provide a modern clean look. This small item carries a big impact with potential tenants, in addition, it shows a watch for details. Tenants can see in the event you took the time to replace the switch or in the event you just slapped paint for the wall and today the existing switch stands out as being a sore thumb.
Even worse than old light switches are painted over outlet and switch face plates. This looks terrible and shows a paint job where corners were cut. The face plates are less expensive than 50 cents and take seconds to exchange. richmond property management project the image in the landlord who cuts corners, and won't invest 50 cents and some time and energy to grow their property. I have found that in case you give a nice play to reside in many people will endeavour to keep it nice, but if you project the picture of your landlord who cuts costs as well as doesn't love enhancing the property the tenants will react similarly.
I have handy remote control light switches inside my living room that I receive numerous compliments on. They cost $40, they are inexpensive but some folks don't even know they exist. I will be installing these in the areas of my units in the future. Let my tenants get compliments and as a result be proud of their homes. Take pride inside the product you provide and you will attract better customers plus your profits increases. So throughout your property investing career I would urge you to hold a watch around the details and try and look at the situation using your tenants eyes.
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