With spring weather finally here, it’s a great time for landlords and property managers to make any improvements or changes to their rental properties. After a long winter, it’s important to ensure properties are in good condition to keep tenants happy. With the employment of real estate managers expected to increase by 10% before 2026, there are a lot of property managers throughout the country — and if you’re one of them, keep reading for some simple yet effective upgrades you can make to your properties this spring.
Focus on the Windows
Windows play an important role in houses and apartment buildings. Not only do they add aesthetic value, but they also help keep the building a comfortable temperature. Did you know that if windows are more than 15 years old, they can lead to draftiness and increased energy bills? This is why it’s so important to ensure your buildings are equipped with new, updated windows. If the windows in your buildings are old and ineffective, energy bills are going to continue to increase, especially with the air conditioning being turned on soon. So now is the time to replace windows as needed — spring is a good time to do this because you don’t have to worry about letting cold winter air inside as the windows are being taken out.
If you haven’t done much landscaping with your properties, it’s time to get that taken care of. Many people severely underestimate how big of an impact the exterior of properties has on both potential and current tenants. Curb appeal is important and fortunately, landscaping doesn’t have to be anything super fancy. Simply cutting the grass, trimming overgrown trees and bushes, and putting fresh stone or mulch down can make a huge difference. And other small tasks, like painting wood fences every two to three years, can help keep the property looking nice, too. If you’re able to, some bright flowers and plants can also be great for attracting attention, but keeping it simple is fine as well. Studies show that spending as little as 5% of a home’s value on landscaping may yield an ROI of as much as 150%.
Add Modern Elements
If your properties are older, they could probably use some modern elements. This is especially true in kitchens and bathrooms — if these rooms in your properties have outdated fixtures and hardware, it’s important to make some changes. You don’t have to make drastic changes, like tearing down walls or replacing countertops. But something like installing new stainless steel faucets and replacing cabinet handles to match can do wonders. Potential tenants will walk in and notice the more modern and sleek hardware, attracting their attention. And current tenants are sure to be happy with even the smallest of upgrades. Even something as simple as picking three colors for a theme throughout a property can make a difference. So take a quick trip to the hardware store and pick out some new faucets and handles for your properties.
Making improvements to rental properties doesn’t have to be hard. With these few simple tips, your properties are sure to look their best this spring.