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Evaluating Benefits: Upgrades to Your Rental Property

Woman wearing yellow gloves and red shirt painting kitchen cabinets. Mindfully planning to upgrade your single-family rental home every year is not just a wise investment strategy, but, at the same time, a financial security measure. Just as rental homes must be regularly maintained, they should secondly be updated to keep them current and competitive in the market, thereby assuring a steady increase in property value through the years.


Property values throughout Wilmington rely highly on the home’s condition, so investing a little to modernize things every so often is worth the time and cost involved.


With that said, not all upgrades provide direct benefits for property owners. In actuality, a handful of enhancements have indeed distinct advantages for residents but don’t add much to the property’s value or help protect your investment better.

Reasonable upgrades to maintain property value

Attaching new kitchen cabinets in your rental properties may certainly appear like an upgrade that would benefit you and your residents. Your residents will be so delighted with splendid cabinets, and you might ponder that new cabinets would keep your property values surging up. But contrary to that, kitchen cabinets are one upgrade that isn’t worth the cost because any increase in value you might see won’t amount so much like what you’ve spent on the job.


If the kitchen cabinets in your rental are in absolutely dismal shape, you should categorically replace them with something new and marvelous. Otherwise, a good cleaning or a coat of paint or stain is all your cabinets need to keep them looking and working amazing.

Fancy stylings usually do not add to property value

Another upgrade that has far more benefits for the residents of a rental home than for the owner is high-end window treatments. To individualize their space, residents may beseech for upgraded blinds, valences, or drapery systems.


But while owners expect residents to make a rental home comfortable, there’s no proper benefit to providing any window treatments beyond a number of excellent but essential blinds or shutters. Fancy window treatments don’t add a lot to the overall value of your property and are tied so very intimately to an individual style that they scarcely have global appeal.

Trendy decorative features may not benefit tenants

Speaking of personal style, other decorative features like custom garage doors, posh paint colors, and so on seem like a wonderful way to enchant and bring in quality residents. However, as with window treatments, the appeal of decorative features is a matter of personality. Thus, upgrading beyond good quality, basic doors, windows, and interiors holds so very few to no benefit for property owners.


Residents may be crazy about trendy decorative features for quite some time, but as trends change, so will that enticement. To build up a quality home with lasting appeal, avoid the cutting-edge trends and heed the less exciting but exactly more tried-and-true décor for rental homes.


Whether you’ve performed upgrades or not, rental property maintenance should often be a priority to maintain value. At Real Property Management Champio, we preserve and care for your Wilmington investment while developing superb relationships with your residents. For more information regarding our property management services, please contact us online or at 910-638-0190.

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