As a Forest Hills rental property owner, one of the safest methods to ensure that your real estate investments are profitable is to make them as low-maintenance as possible. There are lots of low cost and reliable alternatives to own a low-maintenance rental property. If you see that you are spending too much time and money on property maintenance, these ideas will help.
The best way when owning a low-maintenance rental is to know what are the best materials for your property. Low maintenance is not the same as low quality. Many quality materials are more durable and are easier to keep clean than the cheaper, low-grade types. Flooring is a good example of this kind. For low-maintenance floors that have preserved their elegance for many years, wise property owners often choose tile or vinyl. Tile and vinyl both work well in kitchens, bathrooms, hallways, and other high-traffic areas. All of them are easy to keep clean.
Countertops are another spot where the right materials can make a big difference. To achieve the best value that is easy to clean and won’t fade or peel over time, rental property owners often choose quality solid surface countertops for their kitchen and bathrooms. There are many low-cost brands of solid surface countertops, offering a lot of colors and styles. You can also get the appearance of more expensive granite without the price or pressure that your tenants will damage the natural stone with harsh cleaners. For countertops and flooring, it is preferable to settle for mid-grade materials that will offer durability and value.
Another great strategy to minimize maintenance in your rental’s interiors is to paint the walls with a good quality semi-gloss paint. Unlike flat paint, which cannot be simple to clean and may stain rapidly, semi-gloss or even gloss paint is also a better fit for heavy wear. It is ideal to use glossy paint in the kitchen to make those walls stain-resistant. You may also consider including a backsplash behind appliances and counters. A backsplash is even easier to clean than a painted wall and reduces the amount of re-painting you’ll need to do between tenants.
When organizing your renovations, remember about low-maintenance lighting options. Pendant lights and chandeliers may sound great, but they catch dust and insects over time and are easily damaged. To lessen maintenance, choose a good quality, functional lighting that is mounted securely against the ceiling. It’s also a viable solution to use light fixtures that make it easy for your tenants to change light bulbs if needed. Think about strengthening your electrical outlets to have an additional socket for mobile devices and other electronic objects for an extra selling point. Not only this result in more potential tenants, but it will also prevent further damage such as blown fuses.
Finally, one approach to building and achieving a low-maintenance rental is to have a comprehensive maintenance plan. Your maintenance plan should cover all interior and exterior maintenance responsibilities, aside from a schedule of when each task should be performed. Finishing routine maintenance every month is important for preventing costly unforeseen repairs and maintaining your rental as low-maintenance as possible.
Looking for guidance to make your rental investment more low-maintenance and profitable? Contact Real Property Management Innovation at 516-570-9275 to speak with a Forest Hills property manager today.
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