Seven Improvements You Can Make To Your Rental Property For Under $500 Each

rental property


Are you planning on updating your Portland area rental property in 2021, but you don’t know where to start?

In this article, we will share with you 12 improvements that you can make to your PDX rental property for under $500 each.

Tip #1 – New Paint

If you’ve painted your rental property before, you know that it’s not always possible to paint the entire property for under $500 but you can use your budget to paint several rooms inside your property.

Instead of sticking with white, consider investing in other neutral paint colors, this will help your property to look fresh and appealing to prospective tenants.

Tip #2 – New Flooring

Adding new flooring is also another very affordable improvement that you can make to your rental property.

Even though you may be tempted to choose laminate for the entire property, consider adding carpeting in the bedrooms and living areas and laminate in the bathroom, kitchen and hallway.

Tip #3 – Add Smart Appliances

Start by adding a smart thermostat (they are cheap) then add a smart refrigerator, doorbell camera and other smart appliances.

Most people have smartphones these days and like the freedom that comes from being able to control their appliances from their smartphones.

Tip #4 – Resurface Cabinets

Does your property have older cabinets that you’ve been thinking about removing? If so, instead of tearing out those cabinets you should consider resurfacing them instead.

After refinishing the cabinets, don’t forget to add new drawer handles and cabinet knobs! This will finish the updated look of your cabinets.

Tip #5 – Add A Backsplash

Let’s say that you’re looking for ways to improve the kitchen in your property, besides resurfacing the cabinets, you should consider adding a backsplash.

Backsplashes are very affordable and, in some cases, you can buy a DIY backsplash that you can easily install yourself from stores like Home Depot or Walmart.

Tip #6 – Improve The Garage

Does your rental property garage have an unfinished look? If so, you should consider adding drywall and cabinets with doors to the garage.

Finishing the garage will add more value to your property and provide your tenants with extra usable space.

Tip #7 – Add Curb Appeal

Last of all, if your rental property looks ‘blah’ on the outside, you should consider adding some curb appeal.

This is one of the easiest improvements because you can easily take care of DIY curb appeal improvements in as little as one weekend.

Contact Rent Portland Homes

For more property management tips, or to speak with us about a property management quote for your rental property, contact us today by clicking here.

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