As a real estate investor in Arizona, you want to maximize your rental income and keep your property in tip-top shape. The new year is the perfect time to make some much-needed repairs to your rental property. to make it more attractive to renters. In this blog, we will be discussing the top rental repairs that you should make for a more desirable Arizona rental.
One of the most important rooms in any rental property is the kitchen. By having a modern kitchen you can create not only a aesthetic kitchen but attract new tenants who want to make use of all your kitchen has to offer! so how can you update your kitchen to be more attractive to renters?
Layout is one way you can upgrade your rental kitchen. An open-plan layout is a great way to create a more functional kitchen. Have ample storage space, and ensure that the kitchen triangle – the arrangement of the sink, stove, and refrigerator – is efficient, allowing renters to move seamlessly between these key areas. A well-planned kitchen layout not only makes the space more user-friendly, but it also adds a modern aesthetic appeal that can be a strong selling point for potential renters.
Upgrading in new and energy-efficient appliances is a great way to attract new tenants while saving on energy costs in the long run. Renters look for properties with new and efficient appliances that typically use less energy and water, reducing utility bills which is an attractive feature for potential tenants.
Another easy kitchen upgrade that will appeal to renters is new countertops. Countertops play a significant role in defining the overall aesthetics and functionality of a kitchen. Upgrading to high-quality countertops, such as granite or quartz, can instantly elevate the look of the kitchen, giving it a luxurious and sophisticated appeal. These materials are durable, heat-resistant, and easy to clean, making them a practical choice for rental properties. High-quality countertops can be a worthwhile investment that can significantly enhance the rental value of your property.
While the kitchen is often on the top of any rental rehab list, bathrooms shouldn’t be overlooked. If you want to get the most out of your investment, consider focusing on some specific projects. For example, updating the vanity and flooring, or adding new tiles can give your bathroom a refreshed and more appealing look.
When it comes to bathroom remodeling, one of the key repairs to consider is the flooring. You want materials that are both easy to care for and can withstand moisture, such as porcelain tile or vinyl. A new floor also only protects your rental investment from damage.
Updating or installing a new vanity in your rental property’s bathroom can also prove to be an excellent investment with a substantial return on investment while offering elegance and functionality. The vanity, being a central feature of the bathroom, significantly contributes to the overall aesthetic while providing essential storage space. Investing in a modern, high-quality vanity can elevate the bathroom’s appearance, making your rental more appealing to prospective tenants and allowing a higher rental process.
Replacing and updating old flooring is often underestimated repair in rental properties. Having a fresh and well-maintained floor can really bring warmth and character to your rental. It instantly makes it more inviting and desirable. On the flip side, if you have old and worn-out flooring, it can really take away from the overall look and feel of your property. Even the most beautifully designed spaces can end up looking dated and unappealing.
Investing in high-quality flooring can offer you significant long-term benefits. While the initial cost may seem steep, the durability and longevity of high-quality flooring materials ensure that you reap benefits long-term for your rental space. Choices like hardwood, for instance, are not only sturdy and long-lasting but also add a timeless appeal to your property. Additionally, choosing materials that are resistant to everyday wear and tear, reduces the need for frequent replacements and repairs. This makes them a cost-effective choice, offering a high return on your investment.
Updated flooring increases the rental value of your property, especially as tenants are more than willing to pay a premium for rentals that offer high-quality features. New floors not only enhance the rental’s appearance but also boost its market value, ensuring that your property remains competitive in Arizona’s bustling rental market.
As a real estate investor or landlord, keeping your rental property in top condition is key when it comes to attracting tenants and maximizing your rental income. By making these rental repairs, you can give your property a fresh new look and increase its desirability. Remember that tenants are looking for a rental property that feels modern, trendy, and well-maintained. Keep this in mind when making any upgrades or repairs, and you’ll have a successful rental property for years to come.
Looking to upgrade your rental? Get approved for your next real estate investment today with a rehab loan with Prime Plus Mortgages. Apply and Get Your Rehab Approved Today!