A major part of property management in San Diego, and being a successful landlord includes knowing when Landlords Should Renovate in order to attract tenants. Typically, renovations will increase property value and make the property more marketable, thus attracting a better class of tenants. If you were to undertake a full remodel, it would probably be a bit overwhelming. Some San Diego property management companies make the mistake of investing too much in renovations that’s simply aren’t appreciated by tenants, or which go completely unnoticed.
As a novice landlord or Golden Hills property management person, the most effective remodels you can undertake will attempt to balance out key concepts. The first of these is affordability, and getting some solid return for your investment. Next, you should defer any major remodeling as long as possible. Keep in mind that many tenants will create a great deal of wear and tear on the property.
You should take this into account and prioritize maintenance and easy cleaning rather than major remodeling. When you do embark on some kind of remodeling project, aesthetics should be at the top of your priority list. These are what attract tenants, and what keeps units rented for longer. Unless you have major problems that need to be addressed, you should focus on renovations that will impress tenants. This will make property management in La Jolla more successful, and it will make it much easier to fill vacancies.
Most effective renovations
Some of the most effective renovations you can undertake as a landlord or property manager are those which provide aesthetic appeal as well as functional enhancement. Luxury vinyl plank flooring is one of the hottest trends in housing today, because tenants generally prefer hardwood over carpeting. Carpets tend to be easily damaged and soiled. A really good investment would be to install luxury vinyl plank flooring because it’s affordable and very durable and .
Another good investment would be in quartz countertops. Quartz is ideal for countertops because it has tremendous aesthetic appeal, and it’s also durable and affordable. You can count on quartz countertops withstanding years of wear and tear and always being easy to maintain. Another good renovation investment would be in pre-made kitchen cabinets. Remodels can be kept simple and easy to implement with pre-assembled minimalist kitchen cabinets. You can save tons of money by not selecting custom cabinets and instead opting for the pre-made variety. This will give your kitchen cabinets a modern look and they’ll be very attractive to potential tenants landlords should renovate for the enhancement of the property.
One other great idea for renovations would be installing fiberglass shower inserts. These are a very practical option, and they impart a modern look to the entire bathroom. They’re easy to clean and they are virtually indestructible. They also won’t degrade over time and allow the growth of mildew like tile grouting can.
Keep in mind that there is no hard-and-fast rule regarding renovations. It’s usually better to attempt repairing and cleaning before deciding on a full-blown renovation. If you focus on the actual needs of the property and emphasize the strengths of your property, you can generally save a significant amount of money on renovations.