seek approval before starting

You’ve purchased a rental property, and you feel like it needs to be spruced up to boost your rental yield. Great idea!

-Now, depending on your situation, you might be tempted to spend as little as possible or, on the contrary, go all-in and turn the space into a luxurious oasis.

-Well, the truth is, renovating a rental property is a fine balance between functionality and appeal.

-And while ensuring the place looks clean and modern, you shouldn’t treat your rental renovation like your home renovation.

-With renovating a rental to increase your returns, less is more. Why? Because your tenants need to be able to visualize themselves living there. And a blank canvas that they can model to their own preferences will be more appealing than a property full of fancy objects and unusual features that feel like somebody else’s.

-So, keep things simple and focus on upgrading key amenities like the kitchen and bathrooms.

-Now that we’ve tackled the aesthetic aspect of renovating a rental, let’s take a closer look at the key steps you need to take before getting started.

🔺 Seek Approval Before Starting

🔺 Keep Your Neighbors In The Loop

Research Your Target Market

🔺 Select Your Contractors Carefully

🔺 Hire a Property Management Agency