If you are a landlord, you know getting the most out of your rental property means finding high-quality tenants and filling vacancies quickly. However, finding the best tenants in Las Vegas, Henderson, and other growing cities can be challenging in such a competitive rental market. Setting yourself apart from other rental properties in your area is essential to attract the right tenants and maximize your rental income.
One way to appeal to your ideal tenant is to upgrade and refresh your rental property. Here are some easy and economical ways to refresh your rental property that will increase its value and help you land the right tenants.
1. Upgrade the Kitchen
A spacious and intuitive kitchen is a major draw for many potential renters. If your property’s kitchen is outdated, you may want to focus your attention on this space to give it better functionality and an updated design. While you can opt for a complete renovation, there are other ways you can improve the kitchen without having to do anything too drastic, including:
- Adding a stylish backsplash
- Painting the cabinets
- Replacing an old faucet and sink
- Choosing new countertops
- Upgrading the kitchen appliances
If it is time to replace old kitchen appliances, it is a good idea to prioritize energy efficiency. This will appeal to modern renters and save on utility costs.
2. Install New Flooring
New floors can instantly change the look of your rental property without having to make any other changes. Many renters are looking for hardwood flooring because it is easy to clean and has a neutral, modern look. Hardwood or hardwood-like materials are also beneficial for rental property owners because they are durable, do not attract dirt or allergens, and will not need to be replaced as often.
3. Replace Old Toilets
One easy thing you can do to refresh your rental property that many renters will appreciate is upgrading old toilets. Removing an old or leaky toilet and replacing it with a sleek, high-efficiency toilet will improve the look of your bathrooms while also saving water and preventing maintenance costs down the road. Even if you cannot remodel the whole bathroom, a new toilet with fresh caulking can make a world of difference.
4. Add Outdoor Living Areas
If you own a rental home, another easy upgrade you can do to refresh your rental property is add a comfortable outdoor living area where tenants can relax, entertain guests, and get some fresh air. Consider adding a deck, barbecue area, or beautiful living space to the backyard with:
- Patio chairs and tables
- Chaise lounge chairs
- String lights or other lighting options
- Umbrella or pergola for shade
- Built-in benches
- Firepit
In Las Vegas, Henderson, and other areas of Southern Nevada, residents enjoy about 300 days of sunshine per year. With the exception of the hottest summer days, potential tenants may want to take advantage of the sunny days and are often looking for something with that option.
5. Paint the Property Exterior
It is also important to give the exterior of your rental property a lift to improve curb appeal and create the best first impression. A fresh coat of paint that matches the architectural style of the building and the neighborhood aesthetic will make the rental property look newer and protect against harsh weather and damage.
6. Replace Old Blinds
Discolored or broken blinds will make any space appear dated or grimy. If you want to brighten up the rooms and give your rental property a fresh look, it is time to get rid of your old blinds and consider these alternatives:
- Cordless cellular shades
- Roller shades
- Roman shades
- Sliding panel shades
- Solar shades
When shopping for the right shades for your rental property, make sure to stay neutral and skip the bright patterns or textures. You want your tenants to have the opportunity to add their personal style and make the space their own.
7. Upgrade the Windows
Another upgrade that benefits both tenant and landlord is replacing old windows. The latest designs include high-quality dual-pane windows that are durable, easy to keep clean, and offer much better insulation. These windows can also reduce outside noise and increase security because they are harder to break. On top of all these benefits, new windows add a modern look that brightens up every room.
8. Add More Storage Options
Tenants love storage and often prefer rental properties that offer a little extra space for their belongings. An easy upgrade you can make to refresh your rental property is adding more storage options that give you a leg up on the competition. For example, install some shelves on the walls in the garage or add a storage shed to the backyard. These simple additions can go a long way with potential renters.
9. Refresh the Landscaping
Replacing old landscaping with a desert-friendly, low-maintenance yard is the perfect way to refresh your rental property and appeal to tenants who want something simple. A yard that is easy to maintain means it looks good across seasons and does not require heavy maintenance or frequent upkeep. It will also save landlords on the cost of water in the long run.
10. Install New Light Fixtures
Because good lighting is a big selling point for renters, it may be worth it to update the lighting in your rental property and install new, stylish light fixtures. Some options to consider are:
- Track lighting
- Modern chandeliers
- Wall sconces
- New flush mounts
- Under cabinet lighting in the kitchen
Again, stick with simple designs that do not overpower the space. You want the lighting to be clean and modern without any particular styling direction.
Fill Vacancies Quickly with a Las Vegas Property Manager
Although all these refreshes can help you attract more applicants to your rental property, it is also important to utilize SEO services and use smart marketing techniques and to screen tenants carefully to get the best renters.
An experienced Henderson and Las Vegas property management company can help you advertise your rental vacancy to your target market, run thorough background checks on applicants, and streamline the rental process. Our team can also handle tenant communication, rent collection, accounting, regular maintenance, and more! Contact our property management team to learn how we can help with your rental property in Las Vegas or Henderson.