There are many ways that you can renovate an apartment that you own to attract new tenants who will be happy to pay a higher amount in rent (which in turn, usually assures a better quality of tenants), and they don’t all have to cost a fortune.
Check out 16 simple ways to renovate an apartment and make it more appealing to potential tenants:
- A repaint job
Painting an apartment is a relatively quick and simple way to rejuvenate it and make it more stylish and attractive. Choose different colors for different areas, avoiding neutral colors throughout.
2. Upgrading light fixtures
Replacing old light fixtures can modernize an apartment in an instant, and you could even upgrade to LED bulbs to give each room a lighter, brighter feel.
3. Removing a wall
Many modern tenants want airy, expansive and open apartments, and you may be able to achieve this by simply knocking down a wall – just be sure to have the work carried out by a licensed general contractor.
4. Replacing the flooring
Along with painting the walls, adding new, modern flooring can change the look and feel of an apartment, and there are plenty of affordable and durable options out there.
5. Adding windows
This might not always be possible, but the more windows an apartment has, the lighter and more spacious it will feel.
6. Adding blinds
Easier to maintain and more modern than drapes, blinds at every window will give tenants the ease of adjusting how much light enters each room.
7. New sinks and plumbing fixtures
Many sinks and faucets are now outdated and don’t function as well as newer, more modern ones. Upgrade them all to create a more upscale look.
8. New shower fixtures
Rain shower heads or a massaging wall shower unit in the bathroom could give your apartment the edge over others.
9. Open kitchen wall with bar and stools
Entertaining at home is more popular now than ever before, and by giving tenants a space for guests to sit and enjoy a drink or snack in the kitchen, you can make them choose your apartment over others in the neighborhood.
10. Opt for dimmer switches
Being able to adjust the lighting according to the time of day, or even your mood, will be a draw for tenants.
11. Create more closet room
Storage is essential in an apartment, and to help tenants avoid clutter and keep the apartment minimalist and tidy, you should create as much storage as you can, especially in the bedroom.
12. replace kitchen cabinet door and drawer knobs
You’d be surprised how this one simple and cost effectivechange can make a big difference in a kitchen.
13. Swap to higher quality light switch plates
When combined with touch-based switches and dimmer switches, adding better quality light switch plates is an affordable way to give the apartment a modern look.
14. Add trendy toilet paper holders
Every bathroom needs a toilet paper holder, and you can have yours replicate those found in a stylish, luxury hotel to impress tenants.
15. Swap all of the door knobs
Knobs are yesterdays news! Swap to elegant handles for all doors.
16. Tile the kitchen counter backsplash
This is a great and inexpensive way to modernize a kitchen and add a splash of color and style.
For more cost effective ways to entice the right kind of tenant to your apartment, chat to your general contractor, who will likely have a designer on their team that can offer you a variety of affordable, stylish options.