Increase the Value of Your Income Property
What do you do if your income property is up to code but prospective tenants just aren’t knocking at your door? Whether you’re renting out a room, a lower level apartment, or a house, these tips will improve your return on investment by adding value to a living space.
• Make an instant impression. Use bold wallpaper on a wall visible from the entry way to create a focal point for prospective tenants.
• Focus your upgrades in spaces where they’ll be noticed. If re-doing the whole washroom isn’t an option, try adding a new functional yet durable and stylish faucet such as one from Delta’s Leland bath collection from deltafaucet.ca.
• Save money on utilities by installing energy saving appliances and fixtures. The extra savings can go back into your pocket.
• Help prospective tenants visualize living in your space. Decorate with personal touches such as a colourful pair of rain boots or a stack of books on the floor.
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