The “Coziness” Factor: 5 Key Property Improvements to Rent Your Vacant Units Faster
When investing in buy and hold rentals, the general thought is to splurge on upgrades for higher-end rentals, and not splurge on lower-end rentals because the “returns” are not so great.
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However, today I want to explain that there are “softer returns” when investing in a lower end price range that are just as valuable as the “hard returns,” especially when it results in faster rental times and fewer turnovers. I use a few metrics to obtain my “coziness factor” that includes upgrading your painting, appliance, and fixture schemes.
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