Smart Upgrades for Every Budget
Modernizing Kitchen & Bath Spaces Delivers ROI
Modernizing Kitchen & Bath Spaces Delivers ROI
Improving a property's appearance offers great value and entices new offers. Upgrades add an average of 8% to rent rates.1 Tenants spend significant amounts of time in their kitchens and bathrooms, and they appreciate modern styles and updates. Here are some tips to increase renewals and attract new renters:
Vinyl flooring is economical, eye-catching and will leave enough money in your rehab budget for value-added touches like tile backsplash or crown molding.
Cabinets greatly influence the look and feel of kitchen spaces. Light colors offer openness and accessibility, while dark colors deliver boldness and drama.
Extra details such as updating cabinet hardware, lighting, light switch plates and power outlets modernize kitchen and bath spaces without a major investment.
1 NAA, "Adding Value in the Age of Amenities Wars" 2017.