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Bringing value to a rental property
Hi everyone! So I've read quite a few books from David Greene (as most of you know, his books are amazing by the way). One of the things I always hear him talk about is bringing value. So my question is: Other than the obvious, such as remodeling kitchens and bathrooms. What are your thoughts on windows. One of my properties has old windows and I want to get them all replaced. Does anyone have any experience with this and does it bring a good amount of value to the home? All help is appreciated!
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- Real Estate Consultant
- Mendham, NJ
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There are things you have to do, things you should do, and then things that make you money in rent and cause you fewer headaches. Here is a short list of some of my favorite upgrades on multis to keep tenants happy and get fewer phone calls.
- WiFi
- assigned parking spaces, numbered
- separate laundry or a laundry schedule for tenants
- separated backyard area if you have it, equal space for all tenants
- cleaning service at least every quarter, sounds like a benefit to the tenant, but it's also a spy for you
- Jonathan Greene
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