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Updated almost 2 years ago on . Most recent reply

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Alec Barnes
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When pricing a rental property, what things positively impact the rental amount?

Alec Barnes
Posted

After you have compared comps and are determining the pricing for a rental property, what improvements impact the rental amount the most in your opinion? 

Just a couple that I have thought of: Updating countertops and appliances in Kitchen, new deck/patio, new flooring/carpet.

  • Alec Barnes
  • Most Popular Reply

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    Terrell Garren
    • Rental Property Investor
    • Concord, NC
    3,065
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    Terrell Garren
    • Rental Property Investor
    • Concord, NC
    Replied

    Class B - No carpet, luxury vinyl plank, stainless appliances, paint agreeable gray w/ white ceilings, if current countertops are in bad shape, I replace with quartz, if cabinets are rough, I paint white, if bathroom mirrors have no frame, I miter cut door trim and attached with calk, ceiling fans in all BRs, W/D hookups, add deck if possible & cost effective, if flower beds around house, cover with pine needles, last contractor in is professional cleaner. 

    It's not so much the rental price as it is attracting good tenants at an acceptable price. 

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