Top 5 Home Renovation Investments That Are Worth Making

By: Greg Paielli

As a property owner, you will be responsible for its renovations – which entails you will be the one to spend the money and time making the restorations, and the one earning the revenues from them. For the most effective property management in St Petersburg, listed below are some renovation ideas that you must take on.

Curb Appeal: The first & foremost thing most renters will notice while assessing your property is the face of your home. The curb appeal is going to form their 1st impression & possibly make or break the deal. Renters will not hesitate to pay more for a property that seems beautiful on the exterior – which entails anything you can do to embellish the outer part, will possibly be worth it. Adding a fresh coat of paint can do wonder for sure. Adding flowers & other greenery is an excellent way to close the deal as well.

Kitchen: According to real estate experts, kitchen renovations are competent of returning up to 90% of your total investment – meaning your total cost will be nearly 7% of what you paid originally. Moreover, kitchens are an influential selling point for potential renters, because they are the prime area for eating & socializing, and must be a flare of sanitation. New appliances, favorably stainless steel, can make your kitchen area look more organized and modernized, and allow you to charge more in rent. New sinks and countertops are beneficial addition as well.

Bathrooms: The bathroom is usually the next big area that most tenants evaluate. It may cost you big to put in a new toilet, sink, shower, and vanity, but your potential renters are going to be pleased by the display here. Even if they’re not completely sold by the new fittings, they will possibly be keen to pay more in terms of rent.

The Windows: If your St Petersburg home features windows that were built within the last decade or two, you possibly won’t require to substitute them. If they are much older than that, you may want to consider window replacement as one of the most profitable renovation steps you can make. New energy competent windows will be simpler for your renters to open & close, which can be a big luxury in comparison to old, sticking windows. They will make the building more power efficient, which entails lower utility bills, and the double paned glass will be able to filter more sound. Most importantly, new windows come with a high ROI for the overall cost of your property.

The Floors: Discolored carpet or damaged linoleum can make even a highly regarded living space look dirty & worn. Replacing those floors with hardwood or nice carpeting can immediately boost the value of your property. You’ll possibly spend a few thousand dollars here, relying on the materials you select, but the increase in rent costs will possibly have it paid for within a year or two.

So, keep these renovation points in mind and you will definitely find a good return from your St Petersburg property. Best of luck!

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This article is written by Simply Property Management – a leading property management service that deals with property management in St Petersburg, Clearwater and many other areas in Florida

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