What to Renovate in Your Rental Home in Springfield Oregon

Looking to Renovate your Home in Springfield Oregon?

Many landlords are very reluctant when it comes to doing rental home renovation. This is probably because the majority of them have the perception that renovating rental homes on regular basis eats on the investor’s rental income. Other landlords take a long time before renovating their homes because they actually do not know what they should renovate and make their rentals more attractive to potential tenants. Well, for the landlords who are not sure about what to renovate in their rental homes, the best thing to do is to consult springfield oregon property management so that he/she can advise them on crucial things that tenants look for in rentals homes. However, here are the basic rental home renovations that you can do to your property and make it more attractive to potential tenants.

  1. Have the rental home wired

We are living in the 21st century and technology is taking over our lives in all aspects. As a landlord, you can make your rental home more appealing to potential tenants by having it wired. This includes fixing a security alarm and security lighting, a remote garage, fixing Foxtel and phone connection in rooms, fixing internet services and much more.

  1. Update the kitchen and the bathroom

The kitchen and the bathroom are some of the most important things in every house and tenants are very concerned about the state of the bathroom and the kitchen of the home they are renting. You can replace the old and worn-out fittings and fixings in the kitchen and bathroom of your rental home as a way of making it more attractive to potential tenants.

  1. Improve storage and add built-in wardrobes

Many landlords think that improving the storage and fixing inbuilt wardrobes in their rental homes adds value to their rental homes. However, the truth is that these are some of the effective rental home renovation tips that can bring you more tenants. This is also a very effective way of making your rental home unique than the rest in the neighborhood.

  1. Install new locks and handles on the doors and windows

One of the most important factors that many tenants are very concerned about is their security and that of their belongings. It is therefore important to make sure that the windows and doors of your rental home are in good condition if you want to make your house more appealing to potential tenants. This can be achieved by installing new locks and handles on the doors and windows.

  1. Fix the cooling and heating systems in your property

This is a very important aspect to consider when doing rental home renovations, especially if your property is situated in a posh estate. Tenants pay huge money to rent in these areas and prefer houses with functioning fittings and fixtures. One of the most important items considered by many tenants is whether the heating and cooling systems in the house are in good condition.

  1. Replace the flooring covering of your rental home

The condition of the floor of your rental home is another very important aspect that you need to consider when doing renovations. If it is old, torn and worn out, you can replace it with a new and appealing floor covering as a way of making the house more attractive to potential tenants. Porcelain tiles and polished are good when it comes to renovating the floor of a rental home.

Checklist on Hiring Property Management in Atlanta GA

Property management in Atlanta GA is not an easy undertaking because tenants and property owners have high expectations that need to be met. Tenants expect quality services for their money and property owners aim at maximizing revenues from their rental investments. It is, therefore, important for a real estate investor in Atlanta to make sure he/she has hired an effective manager to look after their rental properties without compromising the well being of their tenants. Moreover, hiring an incompetent property manager may result to high vacancy rates and consequently low rental revenues. The following are the basic factors to look for when hiring a property manager.

  1. Skills and experience

A good property manager should have adequate skills and experiences. Although it is not mandatory for a property manager in Atlanta to have some college education in real estate matters, it is important to make sure that the manager you are about to hire has adequate skills to handle real estate and tenancy matters in the region. However, having a college education in real estate matters should be a plus when choosing a property manager. A good property manager should also have experiences and a good track record.

downtown atlanta

  1. Adequate resources

It is the responsibility of the manager to take care of the property on behalf of their clients. This includes handling repair and maintenance needs and solving other tenancy related issues. It is, therefore, important to make sure that the manager you intend to hire has adequate resources to enable him/her to take good care of your rental investment properties. It is worth noting that property management companies in Atlanta GA have adequate resources than most of the individual property managers in the region. Therefore, property management firms at times are a better bet than an individual manager. It must be stated that this is not always the case.

  1. Licensing and certification

Property management is a lucrative business that has attracted many people, some qualified and others unqualified. It is, therefore, important to make sure the property manager you intend to hire to look after your real estate investment is licensed and has permission to operate in the region legally. By doing so, you are able to hire only qualified persons to look after your real estate investment. Remember that there are several requirements that they must meet in order to be licensed and permitted to operate.

  1. Local property managers

The industry has attracted both local and out of state property managers. Some of the out-of-state property managers lack a good understanding of the region’s real estate market. It is, therefore, wise to consider local property managers because they have a better understanding of the Atlanta real estate market. Local property managers also have a better understanding of the laws and regulations that govern tenancy in the region. Therefore local property managers are in a better position to handle tenancy related issues than out of state managers.

  1. Affordability

In as much as you want to hire an effective property manager to look after your rental investment, it is also important to consider the most affordable managers in the region. Remember that property managers take a percentage of your monthly rental income. Some can take up to 20 percent of the monthly rent collected. You need to interview several property managers and hire the most affordable one, as long as their services are good.

  1. Communication

A good property manager should have good communication skills. A property manager serves as a link between the property owner and tenants. It is, therefore, important to make sure that the person taking care of your rental properties is able to communicate well with your tenants and potential tenants. A good property manager should also be able to give you timely reports about your investment.

  1. Good reputation

Tenants in Atlanta are very sensitive when dealing with property managers. Subsequently, many potential tenants are attracted to rental properties that are managed by property managers with a good reputation. Therefore, you can reduce vacancy rates in your rental properties by hiring a manager with a good reputation to take care of your investment.

  1. Good marketing skills

The real estate investment market is very competitive in this region. It is, therefore, important to make sure you have hired a property manager with good marketing skills (https://www.landlordology.com/ultimate-guide-to-marketing-your-rental-property/) to take care of your investment and look for potential tenants. It is the responsibility of property managers in Atlanta to look for potential tenants on behalf of their clients and minimize vacancy rates.

Tips on Home Renovation

Renovating your house is very important in enabling you to enjoy a more comfortable living environment. Moreover, renovations ensure that your house remains in good shape and keeps on appreciating. If you own a rental home, it is imperative you renovate it regularly. It is also worth noting that renovating your home allows you to stay longer without having to do repairs. Those intending to sell their homes, renovation allows your home to increase in value. Having a renovated and maintained home entices buyers to pay more. However, it is important to know where to start first when renovating your house in order to get the best return on investment. Here are basic tips on how you should you start your home renovations.

1. Home Assessment and Report Evaluation

The very first step when renovating your house is to conduct a thorough home assessment (https://en.wikipedia.org/wiki/Real_estate_appraisal). This will help you to determine whether it is the right time to do renovations and identify what needs to be repaired or replaced. It is important to hire a certified home inspector to assess your house if you want to get an accurate report to guide you with the renovations. If you do it by yourself, you may ignore vital areas such as the roof, basement, plumbing system, electrical panels, and air conditioning systems among others. Once you have received the inspection report, the next step is to evaluate it so that you can decide on the next action to take.

2. Air Systems

Different systems in your house such as the air conditioning system, heating system, and cooling system are very important because they play a big factor in your living comfort. It is also worth noting that if you want to sell or rent your home, potential buyers and tenants will start by checking whether different systems in your house are working as expected. It is, therefore, important to start by working on existing systems and identify what needs to be repaired or replaced. Remember that having faulty systems in your house interferes with your living comfort.

3. Plumbing Systems

Once you have completed working on air systems, the next area that you should consider is the plumbing system in your house. This includes piping, showers, bathrooms, drains and sewers. It is important to make sure your bathrooms and toilets are in good condition and upgrade what needs to be upgraded. If you are renovating your family house, having a functional plumbing system not only makes you and your family more comfortable, but it also lowers your water bills. On the other hand, if you intend to sell or rent your house, having a renovated plumbing system will make it more appealing for potential buyers.

4. Energy Efficiency

This includes repairing and replacing your electrical appliances with energy-efficient appliances. The idea behind installing energy efficient appliances in your home is to bring down electricity bills. If you intend to sell or rent out your home, installing energy efficient appliances will make your home more appealing to potential buyers and potential tenants.

5. Windows, Doors, and Ventilation

Once you have completed working on appliances in your house, the next step is to work on windows, doors, and ventilation. This includes repairing windows and doors, and as well as replacing those that are beyond repair. If you want to improve the security of your house, you can replace weak doors and windows with double glazed windows and solid doors. This will not only increase your safety, but also attract more potential buyers and renters for the same reasons.

6. Roof and Walls

Once you have completed renovating windows and doors, the next areas to consider is the roof and walls. Make sure there are no holes and cracks on the walls, and the roof is leak proof. Remove any foreign materials that could hinder rainwater to drain freely from your roof to your gutters.

7. Repaint your House and Replace the Flooring

It is also important to paint the interior and exterior of your house with the right combination of colors to give it a fresh look. If the flooring is in bad shape, have it replaced with appealing materials such as hardwood to add more value to your home.

Home renovation for wood flooring

8. Property Landscape

The last step when renovating your house is to re-landscape the front and back lawns in your property to make them more appealing. You can also trim the trees in and add more flowers to make your home look lively.

property landscape