- Give the apartment a fresh coat of paint using a neutral color such as beige, grey, or white.
- Install a water softener system to provide clean, soft water and reduce maintenance costs.
- Update fixtures like lights, faucets, and doorknobs for a modern look.
- Invest in storage solutions to make the apartment more appealing to tenants.
- Make the apartment energy-efficient by switching to LED bulbs, investing in Energy Star appliances, and using low-flow showerheads.
Are you having difficulty finding good tenants for your rental apartment, despite the convenient location and competitive pricing? It might be time to give your apartment a bit of a facelift. Here are five improvements you can make to your rental apartment that will make it more attractive to potential tenants and help you find the perfect one.
A fresh coat of paint
An easy and affordable way to significantly impact the appearance of your rental apartment is to give it a fresh coat of paint. Not only does it make the space look brighter and more welcoming, but it also helps to mask any flaws or wear and tear that might be visible.
When selecting a paint color, choose a neutral tone, such as beige, grey, or white, as it will make the apartment appear more spacious and allow tenants to visualize the space as their own.
Install a water softener system
One feature that often gets overlooked is the quality of the tap water. If you live in an area with tough water, installing a water softener system can make all the difference in attracting high-quality tenants. Hard water can leave unsightly stains on sinks and toilets, and it can even affect the taste of the water itself.
Investing in a residential water softener system will provide your tenants with clean, soft water that they can enjoy in all aspects of their daily lives. Plus, the installation cost is often recouped by the fact that the system will require less maintenance and extend the lifespan of your plumbing fixtures.
Update the fixtures
Another way to spruce up your rental apartment is by updating the fixtures. This includes light fixtures, faucets, and doorknobs. Replacing outdated or worn out fixtures with modern options can instantly make the space feel newer and more appealing to potential tenants. Consider replacing any brass or gold fixtures with brushed nickel or chrome, as they are more timeless and versatile.
Invest in storage solutions
One major concern for tenants is typically the amount of storage space available in an apartment. Adding storage solutions, such as closet organizers or shelving units, can greatly improve the appeal of your rental apartment. If space permits, you could also consider adding built-in cabinets or a storage unit in the basement. The more storage space you offer, the more attractive your apartment will be to potential tenants.
Make it energy-efficient
People are searching for homes that are sustainable and energy-efficient. If you’re renting out apartments, it’s essential to make your home energy-efficient to attract environmentally conscious tenants. Here are some tips for making your rental apartment more energy-efficient:
1. Switch to LED Bulbs
LED bulbs use lesser energy than traditional bulbs and last longer too. These bulbs are a simple, cost-effective way to make your apartment energy-efficient. Replace the light bulbs in your rental apartment with LED bulbs to reduce energy consumption and costs. Not only will you be making your apartment more energy-efficient, but you’ll also reduce the need to replace bulbs frequently and save money on utility bills.
2. Invest in Energy Star appliances
Energy Star appliances use less energy than traditional appliances and are more sustainable. Replacing your current devices, like refrigerators, air conditioners, and dishwashers, with Energy Star-certified machines will make your apartment energy-efficient and add value to your property and attract environmentally conscious tenants.
3. Use low-flow showerheads and toilets
Low-flow showerheads and bathrooms are designed to use less water than regular showerheads and toilets. You can replace your current showerheads and toilets with low-flow ones, dramatically reducing water consumption. This will save tenants money on water bills and make the apartment more sustainable.
4. Install a programmable thermostat
Installing programmable thermostats will allow tenants to regulate the temperature in the apartment, depending on the time of day. This way, the temperature will be optimized, and energy won’t be wasted. Programmable thermostats can save tenants up to 15% on their heating and cooling bills.
Making improvements to your rental apartment can significantly increase its appeal to potential tenants, making it more likely you’ll find the perfect tenant for your space.
By painting the walls a neutral color, updating the fixtures, making the space energy-efficient, investing in storage solutions, and upgrading the flooring, you can create an apartment that any tenant would love to call home. Don’t hesitate to invest some time and money into your rental space – a few upgrades can go a long way in attracting the right tenants.