Tip of the Month - Febuary 2009
LIGHT FIXTURES AND APPLIANCES
Source: Profitably Managing your Rental Properties
R. Dodge Woodson
Most Landlords never think
about their light fixtures. They are so used to seeing them that
they accept them for what they are. Tenants and Appraisers,
however, may see them in a different light. Light fixtures can
date your building. Outdated ones can make it look old.
Take a look at your units and see if the fixtures are old and dingy
looking.
In making capitol investments, Landlords often overlook the
little items that expose the building for what it is. If you are
transforming an old building (or apartment) into a modern one
don’t forget the light fixtures. You may not see a
cash-on-cash return, but the overall effect will be good.
TIP FROM CROSSETT REAL ESTATE SERVICES
Make sure when you are updating the light fixtures, also
update/replace the wall switches and outlets. Outlets and
switches that are painted over are a “red flag”.
Notice the locations and how many in each room, are there exterior
motion lights, etc. Have your electrical contractor test all for
function, dedicated circuits, including but not limited to grounding.
Check with your local Codes Dept. or Insurance Agent to determine
code requirements. Only licensed electrical contractors should be
doing work. As an extra step, a copy of an inspection of all
electrical work performed.