At Fred Leeds Property Management, we’ve seen a lot of properties garner significant returns through property renovations, especially if when the owner plans to sell the property down the line. The key is to make sure that your home renovations add value to the property, without getting too extravagant.
Whether you’re involved with one of Fred Leeds properties or another property, keep the neighborhood your unit is located in mind. You don’t want to exceed the ceiling of the area, because then it will take years and years to get your returns, if at all. Certain upgrades are always a win-win, such as improvements to the kitchen, which tends to be the heart of a home, where families or couples gather to cook, eat and entertain. Installing new granite countertops, tile flooring or built-in appliances add instant value to your rental unit. At Fred Leeds Property Management, we’ve seen new appliances give a kitchen an entirely brand new feel. Bathroom remodeling can also be very key, yet very costly. Often times, simply replacing water fixtures and hardware will revitalize the bathroom.
Whether you’re involved with one of Fred Leeds properties or another property, keep the neighborhood your unit is located in mind. You don’t want to exceed the ceiling of the area, because then it will take years and years to get your returns, if at all. Certain upgrades are always a win-win, such as improvements to the kitchen, which tends to be the heart of a home, where families or couples gather to cook, eat and entertain. Installing new granite countertops, tile flooring or built-in appliances add instant value to your rental unit. At Fred Leeds Property Management, we’ve seen new appliances give a kitchen an entirely brand new feel. Bathroom remodeling can also be very key, yet very costly. Often times, simply replacing water fixtures and hardware will revitalize the bathroom.
Before you begin any major remodeling or renovation, fully assess your property’s value as well as the neighborhood that it’s located in. To browse listings of Fred Leeds properties, visit www.FredLeedsProperties.com.
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