Rehab Projects to Consider for Your Rental Property

If you own rental properties, then you know how important it is to earn as much revenue from them as possible. There are a few ways to do this. You could buy more properties, or somehow find ways to put more people in the same space, but one of the best ways to increase income…

If you own rental properties, then you know how important it is to earn as much revenue from them as possible. There are a few ways to do this. You could buy more properties, or somehow find ways to put more people in the same space, but one of the best ways to increase income from investment rental properties is to make improvements to the space that make them more attractive. Of course, they can not be overly expensive or it will take too long for you to earn your money back, but a wise renovation will greatly increase your rental income for the long run. Here are a few rehab projects that make homes more attractive, without breaking the bank.

Furnishings

If you currently have tenants, they will not appreciate it if you leave a bunch of new furniture in their space, but if you're looking for renters, offering to include furniture in the deal can greatly improve the potential renter's impression of the place . You do not have to get fancy furniture, by any means, but it is important to find furnishings that are comfortable and reasonably attractive.

Paint job

The walls are one of the most visible parts of a property. Consider repainting the inside walls if it has been a while and the paint is starting to peel. It's also a good idea if the current colors are dark or dull, because that gives the place a tired, sad look, or if they are wild or inappropriate color, such as pink or bright green. Painting, especially if it's the right color, can make the place feel more alive, and will definitely attract new renters, and you can also offer to repaint for current renters if you'd like.

New appliances

Appliances will certainly cost you more than new paint, but it will be very much appreciated by renters, whether they are new or current. Because appliances such as the dishwasher, laundry machines, and even stove and oven are such a big part of our lives, they affect us more than we realize. If the stove is rusty, or the dishwasher is stained, or the washing machine only works half of the time, it makes us feel dirty, or like our life is a mess. People do not want to feel this way, and a rental that instead makes people feel like everything is just going right is sure to bring in more money.

Solar panels

Do not tell your renters, but this one is really more for you than for them. By harnessing the sun's energy instead of using the power out of the lines, you'll save a reasonable amount of money every year. Every situation is different, so do the math for yourself, but many solar panels pay for themselves in less than two years, and the technology is improving rapidly. Once you've had the panels installed and have started benefitting from the savings, you can also tell your renters that the property that they live in is environmentally friendly. Although it may not bring the masses rushing for your door, it's sure to at least turn a couple of heads, and just might end up being the thing that seals the deal.

New light fixtures

Light fixtures tend to get especially dirty due to dust and bugs, so clean them often if you can, if not, replace them when necessary. This will keep your property well-lit and clean feeling, which will make your current and potential renters feeling happy.

Questions to Ask When Searching for Condos for Rent

When planning a beach vacation, staying in a condominium can be a great way to save some money and have more space to move around. Beach trips typically involve bringing along a lot of beach toys and other items that can take up a lot of space in a standard hotel room. Looking at condos…

When planning a beach vacation, staying in a condominium can be a great way to save some money and have more space to move around. Beach trips typically involve bringing along a lot of beach toys and other items that can take up a lot of space in a standard hotel room. Looking at condos for rent right on the beach can have a variety of advantages. When checking out different capabilities, be sure to carefully research the following in order to choose the best option.

How Many Bedrooms Does It Have?

One of the first things to find out is the number of bedrooms the condos for rent you're looking at have. Most facilities will offer units with one, two, or three bedrooms. However, most unit listings will state that the condominium sleeps more than the amount of bedrooms available. This is because listings often include a sleeper sofa or a bunkhouse that can accommodate two or four extra people. If actual bedrooms are needed, be sure to specify this when making the accommodations.

Is the Condominium Safe for Children?

Another thing to consider is whether or not the layout is appropriate for young children. For instance, is there easy access to the front door? Is the kitchen an open space or is there a doorway that can be blocked to keep the children out?

Perhaps the most prominent childproofing concern in beachfront units is sliding glass doors. Glass doors can provide hours of peaceful entertainment watching the waves; however, if a young child is able to open the door, the risk of that child falling from a balcony becomes a true concern. If you are planning to rent a unit with a sliding glass door, be sure to ask about the locking mechanism and whether or not childproof locks are available to use. It is important to know ahead of time in order to either bring a locking mechanism from home or request a unit without this type of door.

Are Kitchen Items Included?

When most families book a condominium for a beach trip, they plan to do at least some of their own cooking. This is a great way to save some money instead of eating out at restaurants. However, for families flying to their destination or those who do not wish to bring their own kitchen items, it can be helpful to have those items provided in the unit. Ask whether or not pots, pans, baking dishes, and serving pieces are provided in the kitchen.

Taking a beach vacation is a fun way to make family memories. Consider the benefits of condos for rent when booking a family trip.

Three Qualifications for Residents of Low-Income Apartments

Low-income apartments are a type of public housing offered by the United States Department of Housing and Urban Development, or HUD, to ensure safe housing is available for all. To receive public housing, individuals or families must meet certain qualifications.

Low-income apartments are a type of public housing offered by the United States Department of Housing and Urban Development, or HUD, to ensure safe housing is available for all. To receive public housing, individuals or families must meet certain qualifications.

Follow These Steps to Take Advantage of Income-Based Apartments

Income-based apartments are available to help individuals and families have an affordable roof over their heads. Applicants will need to apply at their local human services department, turn in all of the required documents, and then tour approved properties for a room to rent.

Income-based apartments are available to help individuals and families have an affordable roof over their heads. Applicants will need to apply at their local human services department, turn in all of the required documents, and then tour approved properties for a room to rent.

Different Types of Apartments!

There are many types of apartments and it is important to know about all of them. These different apartments have been listed and explained as below. Convertible – A convertible apartment is an apartment that features a space that is large enough to be walled off and it can be used as a bedroom or…

There are many types of apartments and it is important to know about all of them. These different apartments have been listed and explained as below. Convertible – A convertible apartment is an apartment that features a space that is large enough to be walled off and it can be used as a bedroom or a dining area.

The Different Types of Apartments

When searching for the best accommodation for your next getaway, consider staying at an apartment. This option allows you to experience home away from your home.

When searching for the best accommodation for your next getaway, consider staying at an apartment. This option allows you to experience home away from your home.

How to Avoid Common Apartment Hunting Mistakes

Many renters prefer to move during spring and summer season. It is also a time filled with new hope and excitement, a hope that the next place you rent will be better than the last one. A boarder faces a lot of hassles which he/she can avoid by picking an apartment more carefully. To help…

Many renters prefer to move during spring and summer season. It is also a time filled with new hope and excitement, a hope that the next place you rent will be better than the last one. A boarder faces a lot of hassles which he/she can avoid by picking an apartment more carefully. To help you out, I’ve prepared a checklist entailing all the apartment hunting mistakes that you should avoid while being on the lookout.

Whose Name Is on the Lease?

If you are a landlord employing the services of a professional property manager, do you know whose name is on the lease? You should, because it could cost you in court!

If you are a landlord employing the services of a professional property manager, do you know whose name is on the lease? You should, because it could cost you in court!

Three Tips For Choosing Student Housing

Moving to college can be a fun and exciting time in life, but not having student housing lined up can be stressful. When choosing a place to live, consider these three tips.

Moving to college can be a fun and exciting time in life, but not having student housing lined up can be stressful. When choosing a place to live, consider these three tips.

Top 5 Amenities to Look for When Utilizing Off Campus Housing

Off campus housing is a great option for students who want a little independence and parents that prefer more affordable lodging. When searching, consider such amenities as a full kitchen, wireless Internet service, and a fitness gym.

Off campus housing is a great option for students who want a little independence and parents that prefer more affordable lodging. When searching, consider such amenities as a full kitchen, wireless Internet service, and a fitness gym.

A Guide to Better Living in Luxury Apartments

Luxury apartments are excellent housing options for people who prefer elegant living. Learn all the relevant information to enjoy the experience fully.

Luxury apartments are excellent housing options for people who prefer elegant living. Learn all the relevant information to enjoy the experience fully.

4 Tips to Choose the Right Rented House

Renting a house to live in is an option when you are residing in a city far from your own or do not have a house of your own to live in. Renting out properties is a lucrative business where several homeowners are giving out living spaces to people in return for valuable benefits.

Renting a house to live in is an option when you are residing in a city far from your own or do not have a house of your own to live in. Renting out properties is a lucrative business where several homeowners are giving out living spaces to people in return for valuable benefits.

Best Tips For Renting Out Your House

Tips for avoiding the pitfalls of becoming a new landlord. How to protect yourself when renting your home.

Tips for avoiding the pitfalls of becoming a new landlord. How to protect yourself when renting your home.

How to Find the Perfect Student Housing for You

For those that do not commute from home, there are all sorts of other lodging situations college students may find themselves living in during the university years. These include on-campus facilities and off-campus homes that are owned by the university, as well as independently-acquired accommodation. Residence Halls One major category of student housing is the…

For those that do not commute from home, there are all sorts of other lodging situations college students may find themselves living in during the university years. These include on-campus facilities and off-campus homes that are owned by the university, as well as independently-acquired accommodation.

Residence Halls

One major category of student housing is the residence hall, sometimes called a dormitory or “dorm.” These can be co-ed or separated into male and female halls. They range in quality, style, and size, but have several features in common from school to school. Rooms are ordinarily fairly small and come furnished, usually simply. It's not uncommon for students to have one or multiple roommates, but some rooms are singles. Others are arranged in “suites” with shared bathrooms and / or living areas for several pairs of pupils.

All rooms are individually decorated and have a private bathroom. Each room has a private bathroom.
Dorms typically include common areas for study and relaxation on each floor, and often cafeterias as well.

The cost for student housing is separate from the cost of tuition and can get quite pricey, but many universities provide economic options.

Depending on the college, residence halls might be available for all pupils. However, they are most commonly associated with freshmen. In fact, some institutions only provide them for freshmen. Many find living on-campus in a dormitory makes it easier to meet new friends, especially for those students coming to a brand new school with new people, often far away from home. Also, dorms usually organize recreational activities and club events, in addition to providing other opportunities for socializing and enjoying extra-curricular activities. They typically house a few older students called RA's (Residents Assistants) who supervise the new attendants and provide guidance for adjusting to the university life.

On-Campus Apartments

Another type of on-campus student housing is the university-owned apartment. For those who would prefer to feel a little more independent, this is a great choice. This option allows students to enjoy more privacy and separation from campus, as well as have a choice of their housemates. While the university manages the property and provides much of the resources for finding the housing, students can still embarrass some of the aspects of the off-campus life without the daunting tasks like dealing with landlords, etc.

Frat / Sorority Houses and More

Many schools have variations oforms and on-campus apartments, such as fraternity or sorority houses. These are communal student housing facilities lived in by the members of the same Greek organization. Similar situations exist for certain clubs, honor societies, and even for scholars wishing to only speak a certain language in order to improve their fluency.

Off-Campus Student Housing

Then, there is always the option of living in an apartment or house that is not owned by your educational institution. This can be a more cost-effective option, but it requires a lot more independent planning and research. It's best to strike out on your own once you feel comfortable in your new environment and have people to live with.

Look into your college's options for accommodations to see which style, price-point, etc. makes the most sense for you.