Inexpensive Rental Property Repairs that Won’t Take a Bite out of your Budget

By
Real Estate Services with Pythias Management - Property Mgmt with a Personal Touch

There are some decided differences between fixing up your own home and a property you plan to rent out. One of those differences is often your budget for repairs. If you want to make a profit on your investment property, repairs must be kept to a minimum. Since repairs are also a necessity to attracting and maintaining quality renters, it is also important to learn how to make repairs on a limited budget. The good news is that there are some repairs and improvements which can be made to your property without spending a lot of money.

First, make a point to go through the house and replace all of the older and outdated switch plates. New switch plates need not be an expensive investment. In fact, most switch plates can be replaced for just a couple of dollars each, at the most. You can easily replace all of the switch plates in a property for around $20. In some areas, you may wish to go ahead and ante up for switch plates which are slightly nicer, such as in the living room and foyer. You will pay a couple of dollars more for brass plates; however, even at around $5 each, that is still not much money to pay for an improvement that can really make your rental property stand out.

Doors are another area where you can make a big difference in your rental property without spending a ton of money. Doors are one of the first things that a prospective renter will notice so it can really be a worthy investment to make when you are trying to attract good renters. While you are changing out the doors, be sure to also consider changing out the handles as well. Older door handles can really make a place look drab. For just a few dollars, you can easily replace those old handles with brass finished models. ‘S' handles are popular for bedroom doors and bathroom doors and only run a few dollars more.

The trim is another area where you can make a big impact for not much money. Take a good look at the trim in your rental property. If it appears worn and cracked, it could be time to replace it. You do not necessarily need to spring for crown molding throughout the entire property; however, adding it to the entryway or the living room can create a great first impression.

Another area where you might wish to focus some attention is the entryway or foyer. Keep in mind that once prospective renters step through the front door this is the first area they are going to see, so you want to make sure you make a good first impression. Tiling it can be a great way to do that. For a small foyer area measuring around 8x8 you can easily tile it for about $100.

Kitchens are one of the most important areas for most people when they view a property for rent, especially women. While it may not be practical to replace all of the cabinets, it can certainly help to paint them. Consider repainting them using a semi-gloss white paint and do not forget to replace the knobs when you are finished. Even less expensive plastic knobs can breathe new life into older kitchen cabinets.

Posted by

------------

Pythias Management provides Property Management with a Personal Touch!  Pythias Management can handle all of the problems and headaches of ownership while allowing you the time for enjoyment of the benefits.   With Pythias Management, you are not just another customer.  We give you the personalized service that larger property management firms do not.

We currently serve Queens, Brooklyn, and Nassau. Other areas can be negotiated. Come see our site! www.PythiasManagement.com


 

Unless otherwise specified, all text contained herein Copyright © 2010 Michelle Stuart. All rights reserved.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate General Information
Groups:
Investing for Dummies
Investors
Landlord Issues
Property Management
Property Management Referrals and References
Tags:
rental property repairs
investment property repairs
rental property
property repairs
investment property

Comments 9 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
667,878
Mary Yonkers
Erie/PA Real Estate Instructor
Alan Kells 1-814-881-7548

Michelle,

Welcome to ActiveRain.  Keep reading, commenting and writing.  Plan to attend a few webinars through ActiveRain University.  At the bottom of each page are links that will answer some of your questions.

My daughter is PM in Erie, PA.  I teach real estate classes. 

March 30, 2010 04:51 PM
Rainmaker
174,582
DEBORAH STONE
Hogue and Belong Bankers Hill- San Diego, CA

Good ideas, Michelle-painting the kitchen cabinets and replacing knobs is such a geat idea and I have personally done that to many of my income units. Prospective tenants "ooh" and "aah" over the clean, fresh look. And it does not break the bank!

March 30, 2010 06:05 PM
Rainmaker
1,054,979
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Congratulations!  Your post is now Featured in the Property Management group

March 30, 2010 06:35 PM
Rainmaker
187,912
Christina ONeal
Realtor - Ripon California
At Home Real Estate Group

never thought about replacing all the switch plate covers, especially doing a few fancy ones in the living rm, kitchen & foyer.  love the ideas.

Thanks,

April 11, 2010 02:23 PM
Rainmaker
49,187
Dustin McClure
Mossy Oak Properties Outdoor Realty

Great lipstick ideas for a rental home. It's important to remember the home needs to be attractive to renters, but you also don't need to sink a ton of money into the home as if you are resaling. Great post!

December 20, 2010 09:07 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
14,300

Michelle Stuart

Property Manager/Realtor
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tree to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: