currently between Tenants, now could be the perfect time to undertake some
key renovations that deliver the best return-on-investment to boost your
Recommended Renovations for
renovating your rental property to get a higher rent, or your property is
in dire need of repair, here are some tips on what type of flooring, paint
and appliances to use.
has their own opinion on what type of flooring is best, but the one thing
that most Landlords agree on is that carpet, while it can be the most
economical choice, will often give you the most headaches. Why? Carpet
stains and odors are notoriously difficult to remove. A
tenantís pet, cigarette
smoke and food odors will be absorbed into carpets and padding
and will permeate the air in the
as well as the sub-flooring below.
adhesive-backed vinyl tiles are a first choice of
often for bathrooms, kitchens, and sometimes even the entire unit.
They are inexpensive, easy to install and easy to replace. Some
Landlords prefer commercial-grade tiles over the less-costly home
variety because they hold up better.
floors are a huge hit with Tenants. They look great and add value to your
rental property. If you do have hardwood floors, make sure you advertise
that fact! But what about caring for them? For homes that are lived in
for years, itís not as big an issue as it is for
that might have furniture moved in and out every 12 months. Some floor
refinishers will recommend a harder topcoat if you inform them itís a
find ways to scratch and gouge the floors. You can always have Tenants
sign an addendum to their Tenancy Agreement stating they will use
under their furniture.
flooring is popular in many homes. It's durable and resistant to scuffs
and scratching, but is no good at handing spilled water. Laminate floors
can't be mopped with wet mops like tile or linoleum, they must only be
damp mopped. Any excess liquid on the floor (too wet of a mop, spilled
drink, plumbing problem, etc.) means a warped and ruined floor. If you
decide to install laminate flooring, just be careful where you place
it. It's definitely NOT recommended for kitchen or bathroom flooring.
painting, wipe any grease off the walls and patch up scratches, dents or
holes. Choose a one-colour, light and neutral theme for the entire home
and in every rental property. In doing so, you can use the same paint in
any unit, at any time, over and over again. This makes repairs and
touch-ups very simple to accomplish and not having to store and lug around
various colours of paint for sprucing up rental properties is a major
plus. Use eggshell or semi-gloss sheen on the walls and ceilings because
it allows for easy wash up, as opposed to trying to wash off something on
a wall painted with a flat sheen.
Make sure to
purchase newer appliances, but do not get top of the line or complicated
appliances. Go for the cheaper middle of the line basic appliances. They
are much easier to operate, and have less features to break. Also, repair
costs will be cheaper in the long run if the appliances are not
complicated by many types of features that may need repair later on.
SMART LANDLORD TIP
Use neutral and soft colours
Having long-term Tenants is always easier on paint and flooring.
Save money by purchasing used yet higher quality appliances. Check online
classifieds such as Kijiji
for really good deals.
Lay a piece of linoleum in cupboards under kitchen and bathroom sinks. It
will protect the cupboard from stains and water damage.