TIP OF THE MONTH - April 2012
Source: Profitably Managing your Rental Properties
By: R. Dodge Woodson
Bathrooms and kitchens are the
two rooms that influence many people’s decision to rent or not to
rent. If they are modern and clean, well appointed, and
desirable, you are well on your way to renting your unit.
Recently remodeled kitchens and bathrooms can demand a higher rent and
favorably influence your building’s appraised value. They can
often reduce your vacancy rate and at the same time help you eliminate
many of your repair calls because of the new equipment.
The cost of major remodeling can be intimidating, so you will have to
carefully evaluate your decision to take on a large project.
However, if your research shows promise, these two rooms are where you
should direct your remodeling efforts.
TIP FROM CROSSETT REAL ESTATE SERVICES
When you are remodeling, especially,
kitchens and bathrooms, pay close attention to updating electrical and
plumbing during the rehab. In today’s market, Tenants have
computers and many options for cable and Internet services: appliances
require updated electrical to be energy efficient and extend the
life. 150 AMP electrical entrances should be included for the
project including but not limited to replacement/removal of all “old”
Return to prior
This web page was updated on 04/02/2012.