7 Tips For Renovating The Kitchen In Your Rental Property
Enrique Jevons • Oct 29, 2020
Owning a rental property is an excellent way to build wealth, and enjoy consistent cash flow every month,
but how do you get tenants to stay in your rental property for longer than 12 months?
The answer to this question is to add more value to your rental property by making periodic upgrades.
Doing this will show your tenant that you value their business and want to update the property so that you
can improve their experience there.
If you’re not sure where to start upgrading your rental property, one of the best areas to get started in the
kitchen because it’s the ‘hub’ of every property.
Kitchen Upgrade Tips For Your Rental Property
Tip #1 – Develop A Game Plan For That Kitchen Remodel
– This tip is important because some parts
of your kitchen may not need a full remodel.
For example, your kitchen cabinets may only need to be refinished or repainted rather than being
replaced.
This tip could save you up to $3,000 or more so it’s best to analyze those cabinets to determine if they
can be saved or not.
Tip #2 – Time Your Kitchen Remodel To Holiday Sales
– Let’s face it, saving money always helps,
right?
You can save thousands during your kitchen remodel simply by timing your kitchen remodel to holiday
sales because it’s not uncommon for stores to have sales on kitchen appliances and other kitchen items
during the holidays.
Tip #3 – Use Outlet Stores Whenever Possible
– Sales are great but what’s even better is finding
awesome deals on materials that you may need for your kitchen.
It’s possible to find deals at outlet stores like Habitat for Humanity’s restore and online using websites like
Craigslist or Facebook groups.
Tip #4 – Add Shelves To Those Cabinets
– When updating your kitchen cabinets, you should always
make the effort to add shelves to those cabinets that don’t currently have them. This is important because
tenants hate kitchen cabinets that don’t have shelves and end up frustrated with trying to find solutions for
organizing them.
Tip #5 – Add A Backsplash
– Don’t finish your kitchen remodel without adding a backsplash. This is a
simple improvement that costs under $100 and you can easily add one yourself.
Tip #6 – Stick With Vinyl Flooring
– If the kitchen floor needs to be replaced, you should stick with vinyl
flooring because it’s waterproof, easy to maintain, and holds up well under heavy foot traffic.
Tip #7 – Use A Neutral Paint Color
– Last of all, you want to repaint the kitchen in your rental property.
It’s best to stick with neutral colors like Benjamin Moore’s Harbor Gray AC-5 because this paint adds
enough color to the kitchen without being overpowering.
Contact Enrique Jevons at Jevons Property Management for more tips that you can use to add value to your rental property.
