Home Trends courtesy of Bryan Mundo

Bryan Mundo | CENTURY 21 Masters

3 RENOVATION IDEAS TO INCREASE THE VALUE OF YOUR RENTAL PROPERTY Got a rental property or thinking of buying one? According to real estate experts, these three renovations can help increase the value of a rental – meaning higher rents and a higher resale value. • Add a second bathroom. While it’s a big one, this renovation can take your rental to a whole new level. This reno works particularly well in properties that already have plumbing roughed in. • Add heated floors. On the topic of bathrooms, maybe you can’t add in a second, but you can certainly upgrade the existing one. One way to do this is to add heated flooring. If the bathroom flooring already needs an upgrade, lay down electric-heated mats below the new tile and your tenants will feel like they’re entering a spa every time they head to the washroom. • Upgrade or add inwindows. Who doesn’t love natural light? Particularly if the windowproviding the light also has a view. Even if that view is just of the street in front of the property, replacing old windows with highly-insulated ones will save on heating costs, while a window where there wasn’t one before can completely transform a once dark space.


Made with FlippingBook - Online catalogs