Sooner or later, it will come time to make improvements to your Orlando rental home property. Some of these upgrades are naturally more costly and/or time consuming than other improvements. Even though it is hard to attach a dollar amount to the return you’ll get by making improvements to your Orlando rental home, remember that modern/upgraded amenities remain a big draw for renters. Therefore, the time and money invested in improvements will come back in the form of renters willing to pay a higher rental price.
When considering upgrades for your Orlando rental home, think about the following:
- In-Home Washer & Dryer: An in-home washer and dryer is one of the most asked for features in a rental home. There is nothing more convenient than being able to do laundry in your own home, rather than dragging it across town to a local laundry-mat. If space is limited, stack-able washer/dryer units are available and are reasonably priced. This is an upgrade your renters will truly appreciate.
- Better Appliances: Stainless steel is always a major draw for renters because of the clean, modern look that it offers a kitchen. No matter which appliances you choose, make sure they coordinate well with each other because this will show your attention to detail and style. Also, make sure you get a good warranty for your appliances because that way, when an appliance starts to have problems, the company will pay for it to be repaired or replaced, saving you hundreds of dollars.
- High Speed Internet Access: To make your Orlando rental home competitive in the market, high speed internet access is a must. In today’s world of instant information, renters expect a wireless high speed connection for their homes because the Internet is such an integral part of everyday life.
- Countertops: A lot of rental owners go for the cheapest option when it comes to countertops, such as paper laminates. Unfortunately, these cheaper options stain, scratch, and dent very easily. It may be a better use of money to choose an option like granite, that will last through years of tenant abuse without a scratch.
It’s a good idea to update your rentals every five to ten years, but you have to be careful not to spend more than you’ll earn by raising the rent. Rental Home Management Services of Orlando is dedicated to helping you manage your Orlando rental home property. Our services include helping you find quality tenants, collecting rent payments, and arranging all maintenance and repairs through our professional property management services. To learn more about our rental home management services in Orlando, call us today at (407)261-5610.