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Evaluating Benefits: Upgrades to Your Rental Property

Woman wearing yellow gloves and red shirt painting kitchen cabinets. Conscientiously planning to upgrade your single-family rental home per year is not just a wise investment strategy, but additionally a financial security measure. Just as rental homes must be regularly maintained, they should equally be updated to keep them current and competitive in the market, thereby ensuring a steady increase in property value eventually.


Property values throughout Frisco rely entirely on the home’s condition, so investing a little to refurbish things at times is worth the time and cost involved.


On the other hand, not all upgrades grant direct benefits for property owners. As a matter of fact, a number of enhancements have obvious advantages for residents but certainly don’t add much to the property’s value or help protect your investment better.

Reasonable upgrades to maintain property value

Furnishing new kitchen cabinets in your rental properties may look like an upgrade that would benefit you and your residents. Your residents will be glad with top-caliber cabinets, and you might assume that new cabinets would keep your property values growing. Though, as a matter of fact, kitchen cabinets are one upgrade that isn’t worth the cost because any increase in value you might see won’t really be even to what you’ve spent on the job.


If the kitchen cabinets in your rental are in really dismal shape, you should unquestionably replace them with something new and superb. Otherwise, a good cleaning or a coat of paint or stain is all your cabinets need to keep them looking and functioning awesome.

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 personalize their space, residents may seek and ask for upgraded blinds, valences, or drapery systems.


But while owners expect residents to make a rental home comfortable, there’s no substantial benefit to providing any window treatments beyond a handful of really good but essential blinds or shutters. Fancy window treatments don’t add a lot to the overall value of your property and are tied so rather keenly to an individual style that they very rarely do have huge appeal.

Trendy decorative features may not benefit tenants

Speaking of personal style, other decorative features like custom garage doors, classy paint colors, and so on seem like an excellent means to tempt and draw in quality residents. But sadly, as with window treatments, the appeal of decorative features is a matter of personality. This is exactly why, upgrading beyond good quality, basic doors, windows, and interiors holds less to no benefit for property owners.


Residents may want trendy decorative features for some time, but as trends change, so will that draw. To develop a quality home with lasting appeal, avoid the present-day trends and abide by the less exciting but particularly more tried-and-true décor for rental homes.


Whether you’ve accomplished upgrades or not, rental property maintenance should, every time, be a priority to maintain value. At Real Property Management Focus, we save your Frisco investment while setting up trusting relationships with your residents. For more information related to our property management services, please contact us online or at 773-443-7439.

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