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Updated over 2 years ago on . Most recent reply

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Galit Garsiel
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To what extend do small improvement raise the rent?

Galit Garsiel
Posted

If I rent out my apartment, how much will painting, fixing up the kitchen and bathroom, etc, raise the rent (in percentage to the money I put in)?

I may be forced to rent before selling, although I'll try to avoid it, due to circumstances I'll write in another post. 

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

Some times it is about they type of tenant you get rather than how much more you get in rent.  A place that is in good condition will usually attract a better tenant who stays longer compared to a place that needs a bit of work.

If you don't have it, things like adding a washer and dryer are simple things where you can add $50 to the price of rent and they pay for themselves quickly.  Just make sure the tenant is paying for water and electricity.

  • Theresa Harris
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