Ideas For Remodeling An Apartment You Rent Out
If you own a rental apartment, you can rent it for a higher price when the apartment is in good repair and has modern appliances and décor. Remodeling the apartment may seem like a big investment, but it can pay off when it makes the apartment so attractive that you can charge more and so it rents quickly after it becomes vacant. Here are a few tips for your apartment renovation.
Update The Kitchen
You'll probably get the most return on money spent in the kitchen. A basic bedroom, living room, and bathroom are often expected, so if you can make the kitchen stand out, it can make the apartment more appealing. You may not want to undertake major excavation such as knocking out walls when it comes to an apartment, but you can make basic upgrades such as installing quality cabinets, and modern appliances. Granite countertops are also a nice touch that gives a kitchen a bit of luxury. Add attractive lighting along with plenty of storage and even a small kitchen can become very attractive and appealing to potential renters.
Spruce Up The Bathroom
The bathroom may not require as much work, but you should make it the next room to tackle to modernize the apartment. Things you can do include installing attractive lighting and putting in a pedestal sink or attractive cabinet. You could install granite countertops in the bathroom too or a vessel sink that gives the room glamour. New stone tile that replaces ceramic tile in a dated color can also help update the room.
Install New Flooring
While you can prepare the bedrooms and living room with fresh paint to make them look like new, flooring can make a big difference too. You may want to put flooring in the bedrooms, but if you have wood, laminate, or vinyl floors put in, they may last much longer and be easier to keep clean. Plus, they prevent the need to install new carpet when you put the apartment back on the market. Wood floors give an apartment a cozy look and they appeal to most any renter. Even materials like laminate and vinyl that mimic wood are often preferred over carpeting.
Consider New Windows
If you're renovating an old apartment and utilities are included in the rent, you'll want the apartment to be as energy efficient as possible. One thing you can do is have new energy-efficient windows put in. New windows can also make the apartment more secure and quiet, which renters always appreciate.
Renovating the apartment can pay off in higher monthly rent, and it can also raise the value of the apartment so you can ask more for it if you ever put it on the market to sell. To learn more, contact a company like Carmel Construction inc.
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