Investing in rental properties can be a profitable business, especially in a city like Indianapolis where the demand for rental homes is always high. To maximize your returns, it’s essential to keep your properties in top condition and to make upgrades that will appeal to potential tenants. In this article, we will discuss the best rental property upgrades for Indianapolis investments and how the WILMOTH Group can help you manage your properties.
The kitchen is often the heart of the home and one of the most important areas for potential renters. A well-appointed kitchen can be a major selling point for your rental properties, and it’s also an area where you can get the most return on your investment.
Some of the best kitchen upgrades to consider include:
- Installing new countertops
- Upgrading to energy-efficient appliances
- Adding a new sink and faucet
- Installing new cabinets and drawers
- Adding a kitchen island
- Bathroom Upgrades
Just like the kitchen, the bathroom is an essential area that can make or break a potential tenant’s decision. Upgrading your rental properties’ bathrooms can not only increase their appeal but also their value.
Consider these upgrades for your bathroom:
- Installing new flooring and tiles
- Upgrading to a low-flow toilet
- Adding a new sink, countertop, and faucet
- Installing a new shower or bathtub
- Adding a linen closet for extra storage
Good lighting is an important aspect of any home, and it’s especially important in rental properties. By upgrading your lighting, you can make your properties feel brighter, more welcoming, and more energy-efficient.
- Add ceiling fans to increase energy efficiency
- Install new light fixtures in the kitchen and bathroom
- Add more natural light by installing skylights or replacing windows
- Add dimmer switches to control the amount of light in each room
- Outdoor Upgrades
The outdoor area of your rental properties is just as important as the indoor area. A well-maintained outdoor space can help attract potential tenants and add value to your properties.
- Add a deck or patio
- Landscape the front and back yards
- Install new walkways and driveways
- Install a new fence for privacy
- Add outdoor lighting for safety and security
- Energy Efficiency Upgrades
Energy-efficient upgrades not only help reduce your properties’ energy bills but also make them more appealing to potential tenants. Many tenants are looking for homes that are environmentally friendly and can save them money on their monthly bills.
- Upgrade to energy-efficient windows and doors
- Install a programmable thermostat
- Replace old HVAC systems with new, energy-efficient models
- Install insulation in attics and walls to reduce energy loss
- Replace old light fixtures with energy-efficient LED lights
- The WILMOTH Group: Property Management Services
Turn To Property Management Experts In Indianapolis
The WILMOTH Group offers professional property management services to help you manage your rental properties in Indianapolis. Our experienced team can handle everything from advertising your properties, screening tenants, collecting rent, and handling maintenance and repairs.
By using our property management services in Indianapolis, you can save time and focus on growing your rental property portfolio, knowing that your properties are in good hands.