5 Cheap and Easy Rental Value-Booting Upgrades

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5 Cheap and Easy Rental Value-Boosting Upgrades
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• Tenant-Attracting Rentals
• Right now the rental market is hot, but that
  means more rental properties are being built, so
  more competition is coming and may drive rent
  prices down.
• You can attract better
• tenants and charge higher
• rents by making a few
• (relatively) cheap and easy
• upgrades.

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• Hot Tub It Up
• Yes, hot tubs may be expensive to run and a
  hassle to keep clean, but you wont be in charge
  of that.
• Most renters will lay
  down the extra dollars
  on a residential
  lease for
  a chance to rent a
  home with a luxurious
  hot tub on site.
• Buy used the price
• drops by 50-75 almost
• instantly.

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• Turn up the Heat with a Fireplace
• Not only will a fireplace ooze luxury, but it
  also gives people a comforting
  right-at-home feeling.
• You can take advantage of this
  by installing a gas fireplace,
• which is far cheaper to install
• than an inset wood fireplace
• full chimney, and many renters
• prefer the minimal upkeep of
• gas anyway.

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• Landscape Away
• Since the exterior of the rental property is the
  first thing potential tenants will see, be sure
  it is well landscaped.
• If the outside looks
  well-kept and inviting,
  
  youll already have
  thinking positively
  
  before even stepping
  into the home.
• For ease, try ground-
• cover plants like ivy, or
• potted plants out front.

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• Not-Your-Average Locks
• Sure, keys are great, but keyless entries make a
  statement.
• The convenience of keypad entry or,
  better yet, smartphone entry says your
  property is secure and high-tech.

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• Dazzle Them with Bamboo
• Hard wood floors are popular these days, but
  bamboo is more far affordable, and
• more upscale than laminate imitations.
• Bamboo comes in plenty of colors and
  shades to match your interior design scheme.

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• Short-Term Expense for Long-Term Income
• Consider the return on investment from any
  potential upgrade. When will it pay for itself
  in higher rent?
• Many of these changes will improve the value of
  your rental property in case you need to sell or
  refinance down the road assuming you screened
  your tenants well and they dont ruin the
  upgrades.

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• High-Income Tenants Make for Responsible Renters
• When you put this kind of time and money into
  upgrading your rental, you will be more likely to
  find high-income tenants during your rental
  screening process.
• If theyre willing to pay for such upgrades, they
  will probably be willing to maintain them, which
  means your house will stay in better condition.

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• Advertise and Attract
• Once your improvements are made, make sure to
  emphasize them in your ad.
• You should have no trouble
• attracting great tenants and
  earning higher monthly
  income for
• years to come.