Spring is a great time to take on some rental home renovations here in Tucson. This time of year, the weather tends to be dry and warm, which is favorable for all kinds of outdoor projects. Taking time to update your rental home this spring could help to increase the value of your rental property and make it easier to attract quality tenants.
So, which home improvement projects are ideal for spring and will yield the best return on investment? We’ve got some suggestions!
Install a Deck or Patio in Your Rental Property
Having some form of outdoor living or entertaining space is important to many modern renters. If your property doesn’t already have some sort of patio or deck, now would be a great time to add one. Even a small deck or patio can provide renters with the space they desire to set up a barbecue grill and outdoor seating. If you do have an existing deck or patio that could use some TLC, consider having it power-washed and re-painted (for decks) or re-sealed (for concrete patios).
Put Beautiful Skylights in
Skylights not only offer more natural lighting, but they can also help to create the illusion of a larger and more open space. If your rental home doesn’t already have skylights, spring in Tucson is the perfect time to have them installed. This will also give you an opportunity to make any necessary repairs to your rental home’s roofing.
Replace or Repaint Your Rental’s Siding
Curb appeal is everything, especially when you’re trying to fill a vacancy in your rental home. If your property’s exterior has seen better days, it may be time to have it redone or replaced. If it’s still in good shape but is looking a little worn, you might consider having it professionally power washed and repainted. Doing so will completely refresh the look of your rental home and draw in new prospective tenants. If you really want to amp up your curb appeal, consider adding some fresh landscaping to your rental property as well.
Replace or Repair Drafty Windows
No renter wants to pay high energy bills due to drafty windows, so if the windows on your rental property are older, this would be a great time to consider replacing them. Prospective tenants will enjoy knowing that the property has new, high-efficiency windows that could save them money on their heating and cooling bills. At the very least, take some time to caulk around drafty windows this spring and make any necessary repairs.
These are just a few of the best rental improvements to consider this spring. With the right planning, many of these projects could be completed in time for your tenants to enjoy them during the cooler months—and you can begin reaping the benefits of these improvements quickly, as well.
Looking for more ways to increase your rental property value and fill vacancies with ease? Our property management professionals are here to help. Contact Bancroft & Associates today to find out more about what we can do for you!