9 Low-Cost Ways to Dramatically Increase the Value of Your Rental Property

Having a decent rental property guarantees a steady cash flow as long as you manage that property well. In fact, the biggest contributor to your cash flow is your ability to increase the perceived value of your property.

As a landlord, you should have two goals. First and foremost, you want to make sure your property doesn’t go down in value, ever. Sure, markets fluctuate, but I’m talking about maintaining the state of the property. Then, you’ll want to increase the value of your property whenever you can and ensure your property is always rented out. Sometimes tenants leave, and that’s your opportunity to make improvements. In fact, you can easily use your previous tenants’ feedback to improve where it matters most.

While it’s true that a property with modern gadgets and equipment excites tenants, there are other low cost and surefire ways of sprucing up your property for a higher rental value. These improvements will not only raise the value of your property but will also ensure that your property is attracts new tenants.

Read more from Engelo at BiggerPockets, for a list of low-cost improvements that you can make to your property that will increase its rental value.

#realestate #turnkeyrealestate #investmentproperties #rentalproperty #rental #homeimprovement #housestaging #investingtime #budgets #action #passiveincome #productivity #biggerpockets #biggerpockets