7 Rental Property Improvements That You Can Make For Under $500 Each

Are you planning on making improvements to your Portland Oregon rental property in 2020? If so, you’ve come to the right place!

With the arrival of fall, now is the perfect time to make improvements to your rental property, especially since the weather has cooled down and there still are a few weeks left until we see the arrival of snow in the Portland area.

In this article, we will share with you 7 rental property Improvement tips that you can make for under $500 each.

These rental property improvements will help to increase the value of your property while making it more attractive to tenants.

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#1 – Paint Your Rental Property 

The first Improvement that you should make to your rental property in Portland is to paint your property on the inside and out. This is by far the most effective improvement that you can make because, a new coat of paint will help you revive the appearance of your rental.

#2 – New Flooring

After painting your rental property on the inside and out, the next thing that you should consider doing is changing out the flooring in your property. New flooring is important because, when carpeting or other flooring starts to wear out, it can age a rental property.

Instead of adding vinyl, linoleum, or wood flooring throughout your entire rental property, you should consider adding carpeting just in the bedrooms, then add vinyl or linoleum flooring in the other rooms of your property

#3 – Improve The Curb Appeal Of Your Property 

New flooring is awesome, and so is new paint but, improving the curb appeal is equally as important because, first impressions count and you want to win over a prospective renter when they first see your property so that they have the desire to get out of their vehicle and enter your property, instead of driving past it.

During the process of improving the curb appeal of your investment home, you should consider adding drought tolerant plants because, these plants will be easier for your tenants to maintain and, they will also help to lower the amount of water that’s used at your property as well.

#4 – Patch Or Replace The Roof

Does your rental property have an older roof on it that leaks every time it rains or snows? If so, now is the perfect time to patch or replace the roof, especially if your rental is currently vacant because, this will give a roofer the ability to get the work done without disturbing your tenants.

#5 – Add Smart Home Technology

Since most tenants have a smartphone in this day in age, another important upgrade that you should make to your Portland rental property is adding Smart Home Technology. This includes adding a smart thermostat, doorbell camera or smart appliances. Making these upgrades to your rental will make it more attractive to prospective tenants who manage their lives from their smart phones.

#6 – Resurface Cabinets

If your rental has what could be classified as ‘scary’ cabinets, instead of replacing them, you should resurface those cabinets instead.

Buy resurfacing your cabinets, you’re going to eliminate spending thousand dollars on new Cabinetry because, you can easily resurface your cabinets and save thousands of dollars.

After resurfacing your cabinets, you should also add new knobs and drawer handles because, this will also help to improve the look of your Cabinetry as a whole end make your rental more appealing to prospective tenants who are looking for a great place to live in the Portland area.

#7 – Add A Backsplash

Last of all, after resurfacing cabinetry, you should consider adding a backsplash to your kitchen. This is one final feature which will add the custom look that owners and renters want in their homes.

The good news about adding a backsplash is that they are far from expensive. You can easily purchase a do-it-yourself backsplash from Home Depot and have it installed in less than one hour.

Contact Rent Portland Homes

At Rent Portland homes, we’re experts at the Portland Oregon Rental Market and we can save you the time, money and hassle of managing rental properties yourself.

To learn more about the property management services that we can offer you, contact us today by clicking here.

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