What are your favorite types of renovations to increase rent?

[Account Closed]

I was wondering what everyone's favorite renovations are while rehabbing a rental prop.
What sort of things do you do to your kitchen and bathroom? Which sort of countertops? Paints and colors? Floors? Any little things that you do which tenants appreciate?  Id love to get everyone's input!

[Robert Smith]

My favorite renovations are ones that are going to outlast the tenant, and many more after they leave. Something to raise your value and minimize any future costs are key. I spend money on the exterior before the interior (windows, doors, roof, siding). Some upgrades are to upgrade linoleum for ceramic tile. If you have good tenants you could also replace the carpet for wood, which generally lasts longer then carpet. Windows and A/C or water heater upgrades are nice for the tenant which keeps their utility costs low, and is a good investment, especially if you can get a tax credit. I try to paint in between tenants with a neutral off white to keep things simple. I like the addition of a deck or concrete patio, outdoor living space is a nice addition and can be fairly inexpensive. Just a few thoughts. Good luck.