Inexpensive upgrades in between tenants. Did I miss any?

Inexpensive upgrades in between tenants. Did I miss any?

Rental Property Investor · Newark, NJ · Member since 2017 · 88 posts · 75 votes

As buy and hold investors and property managers we’ve turned over hundreds of apartments over the past 10 years. Our goal is to get the apartment rent ready in a manner that is going to attract a quality renter as soon as possible, and of course as inexpensive as possible. We’ve compiled a list of 5 things that can be done on every apartment you turn over and these items will give you the best bang for your buck. One thing that is not on this list is painting, painting the apartment after EVERY tenant vacates must be done if you want to attract quality tenants. Here is the list in no particular order.

  1. New range vent hood - $40-$100
  2. New toilet seat - $20-$40
  3. Reglaze tub - $300
  4. New outlet and switch covers - $.99 each
  5. New baseboard heater covers - $25-$40

QUICK TIP: Leave the stickers or plastic on the items you are replacing (such as the range hood and toilet seat). Potential residents love seeing new things and once the apartment is rented will really enjoy ripping off the tape and taking off the plastic on new items.

Do you guys have any others?  Thanks

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Theresa HarrisPro Member
Member since 2019 · 15k+ posts · 11k+ votes
5y

I'm assuming these are things that you do only if needed?  One other quick way to update the look of a room is change out the hardware on cabinets.

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  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    5y

    I'm assuming these are things that you do only if needed?  One other quick way to update the look of a room is change out the hardware on cabinets.

  • Rental Property Investor · Newark, NJ · Member since 2017 · 88 posts · 75 votes
    5y

    @Theresa Harris

    Yes that is a good one. Thanks

  • Real Estate Broker · Treasure Island, FL · Member since 2019 · 45 posts · 42 votes
    5y

    @Anthony Marin

    Hi Anthony. I also like the tub reglaze. I did the same to the kitchen countertops. If appliances need refreshed, it’s amazing the quality you can get with refurbished/used appliances for not that much money. Putting in daylight bulbs in the lighting fixtures also brightens up the rooms.

  • Power Engineer · Grand Forks, ND · Member since 2014 · 13 posts · 5 votes
    5y

    I sometimes change cabinet handles/hinges and door latches/hinges to satin nickel if the old ones are rusty/grimy/outdated.

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