Property Management Blog

If you're wondering how to get the most out of your savvy investment, there's good news! Courtesy of the experts of property management in Hampton, VA, here are a few simple ways you can increase the value of your investment, thereby increasing your monthly income for years to come! Are you strapped for cash but still want a way to increase your rental's value? Paint the walls! It may sound overly simplistic, but this tactic really works. A neutral tone works well and gives the home a modern, updated feel that potential tenants simply adore. Another inexpensive and easy way to update your property is by replacing outdated light fixtures and cabinet pulls with more stylish, modern ones. Wall sconces are a charming yet cheap addition that brings a very modern feel to the home. A slightly more costly way to increase your rental's value is by replacing old appliances in the kitchen with newer ones. It's a great idea to provide energy - efficient appliances as well - it'll save you or your tenants a bundle when the electricity bill comes, and prospective tenants love an energy - efficient household. Adding a dishwasher and a washer and dryer will definitely attract more applicants, as many renters love the convenience that these appliances afford. It's also a great way to justify an increase in the monthly rent amount! If you really want to increase your rental's value substantially, consider remodeling the kitchen and bathrooms for a modern look and feel'you'll be able to charge more and you'll improve your rental over the long term.