Renovations that increase rental income
You may be thinking about renovating a property so you can increase rent, while adding resale value of your investment property. It’s a solid idea; just make sure to keep an eye toward cost-effective choices that will create a lasting space without exorbitant costs. The renovations most likely to increase rent value follow the same logic as increasing property value in general. Start with the number of bedrooms and bathrooms.
If you’ve made the calculation that the location of your rental unit presents limited opportunities to add property value, it’s probably best to stick to exterior improvements.
• Home Exteriors
• Windows and Doors
via Smart Upgrades Landlords Should Consider | AOL Real Estate.