- Why?

When your rental property becomes a desirable rental accommodation, you can charge above average market rent, have higher tenant retention and reduced maintenance costs. You will have quick turnover when a tenant moves out. This adds up to maximum ROI. It is vital to provide the most desirable rental accommodation your budget can afford.

When you have curbside appeal, an open, well-lit entrance, fresh paint and clean smelling house you will attract the ideal tenant. The way you renovate tells your future tenant that you care about where they live. If your tenant loves your property, they will consider it home, treat the property better and they will stay longer.

Once renovated your long term maintenance costs will go down. Most often deficiencies are noticed and repaired during the renovation process. I strongly recommend that items like old taps, toilets, deficiencies in the plumbing and electrical system are upgraded during this renovation phase. Once complete, requests for repairs and maintenance go down significantly.

If a tenant moves out in one or two years, typically all that is required is touch up paint or repainting the entire unit only. There is less down time between tenants and minimal loss of rental income.

It is highly essential to know what improvements will add the most value to a house or apartment to realize the greatest ROI. Key Properties Niagara has extensive renovation experience for renovating in today's market for excellent ROI now and in the future.