If you have a rental property, your goal is likely to get a good return on your investment. Increasing the rental value of your property is a great way to achieve this and the best way to achieve this is upgrading your property. It will keep your tenants happy and increase your property’s market value.

Worried about costs? Don’t be! Even small changes, especially exterior changes, can make a big difference. These upgrades can help you retain tenants and stay competitive in the market. Let’s explore why you might consider sprucing up your place, what upgrades are popular, and how you can do them affordably.

Why Upgrade Your Rental property?

Owning a rental isn’t just about boosting your income, there are many other benefits to consider:

1. Keep Tenants Happy
Happy tenants are more likely to stick around. Regular updates and quick repairs show that you care about their home, which can encourage long-term stays.

2. Boosts Property Value
Upgrades can also raise your property’s overall market value. This means if you decide to sell, you could see a higher sale price and better profit margin.

3. Helps Stay Competitive
A well-maintained and modern rental is more appealing and can stand out in a crowded market. This attractiveness can draw a larger pool of potential tenants, fill vacancies quicker, and attract renters who value quality and are willing to pay more.

4. Simplifies Maintenance
Investing in frequent upgrades can make property maintenance easier, saving you time and money in the long run.

Also read: Seasonal Tips to Maintain Rental Property Value

Easy Upgrades That Go a Long Way

1. Refresh The Interiors

An interior revamp does not mean you have to switch out big things, instead you can make small changes like the ones listed below.

2. Paint

A new coat of paint can help cover up minor wear and tear and at the same time give the place a fresh look and feel.

3. Flooring
If the tiles are broken or damaged, switch them out quickly. The same goes for carpets and rugs. Clean and maintained flooring can give your space a polished look.

4. Cupboards and Cabinets

If your cupboards, countertops or cabinets show signs of wear and tear, replace them or get them fixed. 

5. Lighting

Switch old lighting with more energy efficient lighting options like LEDs.

6. Appliances

Equipping your property with good quality equipment like refrigerators, air conditioners or heaters will help increase the value.

Also read: 2024 End-of-Year Property Upgrade Guide for Owners

Refresh The Exteriors

The exterior forms the first impression. So you don’t want your exteriors looking damaged or old. 

1. Paint

Again, a fresh coat of paint does add a lot of appeal.

2. Add Some Greens

Maintaining a lawn or planting decorative plants like flowers or bushes can make your property look put together and well maintained.

3. Other Enhancements

Make coming home feel special. Upgrade entryways, mailboxes, and sidewalks with attractive lighting and decorations.

4. Safety Upgrades

Safety is always a top priority for tenants. Upgrading to advanced security systems and ensuring your property meets the latest fire safety standards can make your property a top choice for safety-conscious renters.

5. Recreational Upgrades

Adding amenities such as a fitness center or leisure areas not only enhances the lifestyle of your tenants but also increases the perceived value of your rental property.

Why Choose McMillin Contracting Services For Your Property Upgrades?

At McMillin Contracting Services, we have over 25 years of experience in the industry, our expert team is dedicated to delivering tailored solutions that meet your specific needs. We can assist you with everything from choosing a designer to the final touches, ensuring a transparent and hassle-free process that results in high-quality, impactful improvements.

Conclusion

Investing in smart upgrades is a strategic move that can significantly enhance the value of your rental properties. 

Let’s make your rental property the best it can be.

Connect Us at: Email or Call

When it comes to renovating a rental property, we all look at exterior improvements and interior upgrades. But often, we miss out on an important area – the bathroom! A well planned bathroom makeover can improve not only the aesthetics but also the functionality and safety, ensuring your property holds more value in the rental market.

Why is this upgrade helpful?

While it is not discussed much, bathrooms are an essential space in any home. Having them up-to-date with modern conveniences and safety features can be a big plus for your tenants. Making your bathrooms safer helps prevent accidents, cuts down your liability, and ensures you meet the latest safety standards. All these improvements can significantly boost your property’s value in the rental market.

Bathroom Safety Upgrades

Light fixtures

All your bathrooms should be well lit to avoid any accidents. In addition to safety, modern lighting like LEDs can make your space feel bigger and more welcoming and save on utility costs.

Plumbing fixtures
No one likes a bathroom with leaky taps or poor quality plumbing fixtures. Ensure that the fitments are up to code and in compliance. Also, always opt for good quality fixtures as they last longer and provide better service.

Flooring
Tiled floors look great but can be a little dangerous, especially when wet. Instead, go for non-slip textured tiles or slip-resistant products that dramatically reduce the risk of falls, making your bathrooms safer for tenants of all ages.

Sturdy Handrails
Installing grab bars in showers, bathtubs, and near toilets enhances safety by providing support where slips are most likely to occur. These features are especially appreciated in units tailored to seniors or those with limited mobility.

Accessibility Improvements
Features like walk-in showers, raised toilets, and handheld showerheads can make a bathroom more accessible and appealing to a broader range of tenants. These adjustments don’t just meet ADA standards, they also add a level of convenience and luxury.

Also read: A Step-by-Step Guide to Budget-Friendly Bathroom Remodeling for Apartment Owners and Managers

How Can McMillin Contracting Services Help?

At McMillin Contracting Services, we have over 25 years of experience in transforming apartment units and homes. So when it comes to upgrading your bathroom or any other area in your apartment units, expect the best.

Expert Assessments
We identify potential hazards and recommend the best safety upgrades.

Quality Materials
We can recommend high-quality materials for you to consider, that ensure durability and enhance aesthetics.

Full-Service Solutions
From design to cleanup, our process is completely hassle-free.

Clear Communication
We keep you informed every step of the way, ensuring the final result meets your expectations and needs.

Also read: 2024 End-of-Year Property Upgrade Guide for Owners

What We Offer?

Our custom remodeling solutions allow you to personalize your bathroom to match your unique style and needs. Here are some popular remodeling ideas:

• Floors and countertops made of luxurious stones such as quartz or granite
• Walk-in showers
• Upgrading light fixtures and plumbing fixtures

We ensure a seamless process from design through installation, increasing both the appeal and value of your apartment unit. Ready to transform your bathroom?

Connect Us at: Email or Call

As we near the end of the year, it is a good time for property owners to reflect on the state of their properties and plan for upgrades. Whether it’s giving the exterior a fresh coat of paint or completely remodeling the interiors, it’s the perfect time to make changes that will prepare your property for the new year.

The end of the year is also when you typically look over your budget and decide where any leftover funds should go. This makes it the best time to consider which upgrades will bring the most significant benefits to your property. Investing in the right improvements can ensure your property remains appealing and competitive, helping to attract new tenants while keeping current residents happy. 

Strategic Year-end Upgrades to Consider

Balcony Compliance & Safety Upgrades
California has new Balcony Laws SB721 and SB326 and compliance is important. So, schedule your balcony inspections soon if you haven’t already. Remember, after the first inspection, you’ll need to keep up with checks every nine years. Also, make sure to document any issues you find and the repairs you make. Report these details as required to stay compliant and keep everything running smoothly.

Safety is extremely important. Use the year-end time to review and enhance other safety measures as well. Are your fire alarms, security systems, and lighting up to date? Consider installing new technologies or upgrading existing systems to ensure tenant safety and compliance with new regulations.

Energy Efficiency
Improving your property’s energy efficiency is not only good for the planet but also appealing to tenants and cost-effective in the long run. Look into LED lighting, energy-efficient appliances, and smart thermostats as ways to reduce energy consumption.

Aesthetic Enhancements
First impressions matter. Assess the exterior of your properties. Could the landscaping be improved? Does the exterior paint need a refresh? Simple changes like these can significantly boost curb appeal and attract more prospective tenants.

Functional Upgrades
Consider the functionality of your properties. Updating the plumbing, fixing broken tiles, or even enhancing common areas can increase tenant satisfaction and retention. Think about the spaces that matter most to your tenants and focus your efforts there.

Also read: Seasonal Tips to Maintain Rental Property Value

Planning for Upgrades

Assess Your Needs
Inspect your property and gather feedback from tenants to understand their needs and desires. Prioritizing these will help ensure your upgrades enhance tenant satisfaction and retention.

Set a Budget
Review your available funds and set a budget for your upgrades. It’s important to balance cost with impact – invest in improvements that offer the best ROI.

Schedule Wisely
Plan your upgrades to minimize disruption to your tenants. Communicate clearly about when the improvements will take place.

Conclusion
The end of the year is more than a wrap-up phase; it’s an opportunity for making thoughtful improvements to your properties. By focusing on safety, efficiency, aesthetics, and functionality, you can enhance your property’s value, attract and retain tenants, and set the stage for a successful new year.

Need a hand keeping up with all this maintenance? 

Connect Us at: Email or Call

As rental property owners, most of the time we consider implementing improvements in amenities and interiors. But most of us overlook one key area – the curb appeal of your property. Making some small but smart upgrades to the exterior can make a big impact. It can be the best marketing investment that you can make for your rental property. 

What Is Curb Appeal?

Curb appeal means how your property looks from the outside. It includes everything from the facade to the color and even the garden and pavements around your space. All of these add up to make the first impression.

Why Curb Appeal Matters?

Curb appeal is more than just aesthetics, it defines how people see your property at first glance. It’s about creating a welcoming first impression that boosts property value and attracts quality tenants. A welcoming exterior not only draws in potential buyers or tenants, but it also sets a positive tone for their entire experience.

Tips To Boost Your Property’s Curb Appeal

1. Balcony Compliance & Upgrades
You might have heard of Balcony Laws SB721 and SB326. To ensure compliance with these new laws, schedule balcony inspections and make any upgrades if needed. Ensure your balconies are not only up-to-date with the latest safety regulations but also aesthetically pleasing. 

Our experienced team at McMillin Contracting Services can help you with inspections and renovations that enhance both the safety and the appeal of your outdoor spaces.

Email us at [email protected] or Call 619-401-7000.

2. Fresh Paint

Paint the exteriors whenever needed. A new coat of paint is the easiest way to give your property a quick makeover. It can help cover up minor wear and tear and at the same time give the place a fresh look and feel.

3. Add Some Greens

Plants add a peaceful vibe to your space. Maintaining a lawn or planting decorative plants like flowers or bushes can make your property look put together and well maintained.

4. Clean and Maintained Windows

Windows add to the facade of your property. So if you have broken window panes or old and creaky looking shutters, it might dull your property’s appearance. Make sure you get the windows repaired or replaced.

5. Pavements and Garage

Don’t ignore the walkways and outdoor flooring. Broken pavements make your property look old and neglected. This can form a faulty first impression on potential tenants.

6. Safety Upgrades For Entry

Safety is always a top priority for tenants. Upgrade the entry with advanced security systems and ensure your property meets the latest fire safety standards. This can make your property a top choice for safety-conscious renters.

7. Other Enhancements

Make coming home feel special. Upgrade entryways, mailboxes, and sidewalks with attractive lighting and decorations.

Also read: 2024 End-of-Year Property Upgrade Guide for Owners

How Can McMillin Contracting Services Help?

Expert Assessments
We inspect your property and identify improvements that can help increase its appeal and value.

Quality Materials
We can recommend high-quality materials for you to consider, that ensure durability and enhance aesthetics.

Full-Service Solutions
From design to cleanup, our process is completely hassle-free.

Clear Communication
We keep you informed every step of the way, ensuring the final result meets your expectations and needs.

Why pick McMillin Contracting Services? 

With over 25 years of experience in the industry, our expert team is dedicated to providing tailored solutions that meet your specific needs. 

We can assist you with everything from identifying areas of improvement to making smart upgrades that improve the curb appeal of your property. Our process is transparent and hassle-free and our team will guide you every step of the way.

Connect Us at: Email or Call