Landlords and “fix and flip” investors frequently upgrade their investment properties to increase their profitability before acquiring tenants or selling the units. Renovations related to plumbing, electric, roofing, or other major systems often require updating for safety reasons.
Investment properties in working order might not require improvements, but they will benefit from aesthetic modernizations. Well-managed, attractive spaces reap better offers and more rental applicants. However, large overhauls don’t always fit within budget.
Luckily, some small upgrades still yield monetary rewards for investors, and you should implement them whenever possible.
Consider these five visual upgrades whether renting or flipping investment properties.