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8 Low-Cost Ways to Dramatically Increase the Value of Your Rental...

Then, you’ll want to increase the value of your property whenever you can and ensure your property is always rented out. Here is a list of low-cost improvements that you can make to your property that will increase its rental value: Before You Show the Property to Your Prospects 1. If there’s a fence around your property, make sure it looks nice. You’ll have to buy paint to cover your building, fences and garage. If you don’t have the funds to cover everything with a fresh coat of paint, a thorough scrubbing and cleaning of your property will do. A freshly painted door gives the impression that you’ve actually renovated the house for the next tenant. New looking, shiny and well-maintained appliances help raise the perceived value of your rental property. However, if you’re thinking about spending money on your rental property, don’t be wasteful. When Your Prospects Visit Your Property We talked about what you can do to increase the appeal of your rental property so that you can demand a higher rent. If you apply the same rule when you’re showing your property to your prospects, you might be able to demand a higher rent.