Remodeling Your Investment Property For Less Than $3000

Investment properties can make you a lot of money in the long run. You might decide to resell your investment property or keep it as a rental. In either case, your property won’t generate a return on your investment until you get someone interested in it.

Depending on the state of your property, it might be time for a remodel. However, pouring a lot of money into an investment property remodel can end up costing you in the long run. Save money and get your property on the market fast with these options for remodeling your investment property for less than $3,000. Let’s go through your remodeling options for:

Remodeling the Kitchen

Most people spend a lot of time in the kitchen. As such, a sharp looking kitchen can raise property value and attract buyers. You canimmediately brighten the space by updating the cupboards. You can use a Cabinet Transformation Kit to quickly and easily update cabinets for under $100.

Remodeling the Bathroom

Bathrooms can get a bad rap. Sometimes, all a renovation takes is a thorough cleaning. There are cleaning services that can provide a deep clean for a reasonable price. You might also check stores like Costco to get bathroom sinks, toilets, or vanities for a price you can afford, often under $200.

Improving the Trim

Trim, particularly crown molding, can really improve the look of an investment property. You can purchase trim at lumber stores and other building stores. It’s a good idea to call around to local carpenters to find someone who can install your trim at a reasonable price.

Depending on the trim you choose, you might be able to get an entire room finished for less than $200.

Focus on Light Fixtures

Light fixtures often show a property’s age. You can remove old, yellowed fixtures and replace them with updating lighting that will catch a potential buyer’s eye. You can check online websites for stores like Lowes or Home Depot to look for fixtures that are on sale, with many options under $100.

You can also install these fixtures on your own, if you have some experience with electrical work. If not, don’t hesitate to call an electrician or a handyman to take care of the installation process.

Give the Place a Fresh Coat of Paint

Ugly paint colors and marks on the walls can keep buyers away. You can boost your property value quickly by applying a new coat of paint. Picksoothing colors for bedrooms and the kitchen, with splashes of color to really catch a buyer’s eye.

It is recommended that you shop around for painting services to get the best deal. Depending on the type of paint you purchase, you could paint a 1,200 square foot property for around $1,200.

Boost Your Revenue with a Remodel

Property owners who remodel investment properties often end up increasing their earning potential in the long run. You can have many options for funding remodels, including:

Using Money from Other Investment Properties

Getting Creative by Taking Out a Car Title Loan

Taking Out a Renovation Loan

Refinancing Your Mortgage

A car title loan can be a fast and convenient way to get the funds you need to remodel your property. Take steps to get the most out of your investments by planning to remodel your property for less than $3,000 today.