Guide To Inexpensive Rental Property Repairs

Guide To Inexpensive Rental Property Repairs



Guide to​ Inexpensive Rental Property Repairs that Won’t Take a​ Bite out of​ your Budget
There are some decided differences between fixing up your own home and a​ property you plan to​ rent out .​
One of​ those differences is​ often your budget for repairs .​
If you want to​ make a​ profit on your investment property, repairs must be kept to​ a​ minimum .​
Since repairs are also a​ necessity to​ attracting and maintaining quality renters, it​ is​ also important to​ learn how to​ make repairs on a​ limited budget .​
The good news is​ that there are some repairs and improvements which can be made to​ your property without spending a​ lot of​ money .​
First, make a​ point to​ go through the house and replace all of​ the older and outdated switch plates .​
New switch plates need not be an​ expensive investment .​
In fact, most switch plates can be replaced for just a​ couple of​ dollars each, at​ the most .​
You can easily replace all of​ the switch plates in​ a​ property for around $20 .​
In some areas, you may wish to​ go ahead and ante up for switch plates which are slightly nicer, such as​ in​ the living room and foyer .​
You will pay a​ couple of​ dollars more for brass plates; however, even at​ around $5 each, that is​ still not much money to​ pay for an​ improvement that can really make your rental property stand out .​
Doors are another area where you can make a​ big difference in​ your rental property without spending a​ ton of​ money .​
Doors are one of​ the first things that a​ prospective renter will notice so it​ can really be a​ worthy investment to​ make when you are trying to​ attract good renters .​
While you are changing out the doors, be sure to​ also consider changing out the handles as​ well .​
Older door handles can really make a​ place look drab .​
For just a​ few dollars, you can easily replace those old handles with brass finished models .​
‘S’ handles are popular for bedroom doors and bathroom doors and only run a​ few dollars more .​
The trim is​ another area where you can make a​ big impact for not much money .​
Take a​ good look at​ the trim in​ your rental property .​
If it​ appears worn and cracked, it​ could be time to​ replace it .​
You do not necessarily need to​ spring for crown molding throughout the entire property; however, adding it​ to​ the entryway or​ the living room can create a​ great first impression .​
Another area where you might wish to​ focus some attention is​ the entryway or​ foyer .​
Keep in​ mind that once prospective renters step through the front door this is​ the first area they are going to​ see, so you want to​ make sure you make a​ good first impression .​
Tiling it​ can be a​ great way to​ do that .​
For a​ small foyer area measuring around 8x8 you can easily tile it​ for about $100 .​
Kitchens are one of​ the most important areas for most people when they view a​ property for rent, especially women .​
While it​ may not be practical to​ replace all of​ the cabinets, it​ can certainly help to​ paint them .​
Consider repainting them using a​ semi-gloss white paint and do not forget to​ replace the knobs when you are finished .​
Even less expensive plastic knobs can breathe new life into older kitchen cabinets .​




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