Renovate For Maximum ROI - Part 2
- How?
When first considering renovations and upgrades to our properties we assess to what extent we would like to renovate the property. Then we establish a budget. We want to create the most desirable accommodation that the budget will allow.
The first impression of a property is not the interior itself but the first 30 seconds someone arrives at the street level. We upgrade landscaping, cut back or remove large or overgrown trees and shrubs, fresh paint on the front door, level sidewalk slabs, ensure handrails and railings are painted and secure. We install modern, bright, exterior light fixtures.
Inside the property the first 30 seconds are critical. Newly painted modern neutral colours and a clean well-lit entrance is a must. Ensure there are no unpleasant odours. Ensure the heating and cooling system is on and set accordingly. We focus on creating a pleasant atmosphere as soon as you walk in the door.
With the remainder of the interior we put an emphasis on fresh paint, new or updated flooring, kitchen and bath room. We do as much upgrading as the budget will allow.
Before you renovate consider, bringing in a professional with experience in rental property renovations. This will save the property owner time and money. An experienced professional can look at a property and identify key areas of which renovations to invest in that will produce the biggest benefit.
Key Properties Niagara has extensive background in renovating rental properties. We have been helping our clients to achieve maximum ROI on their renovation dollars for over 20 years.