Most investors understand that improving their West Covina rental properties is essential—not just for attracting quality tenants, but also for increasing property value. The right upgrades can lead to better rent rates, reduced vacancy, and higher long-term profitability.
However, not all renovations offer the same return. To maximize your investment, it’s important to focus on rental property improvements that deliver the best ROI.
1. Kitchen Upgrades
Kitchens remain one of the most important areas to update. According to a recent nationwide survey, most home sellers agree that kitchen upgrades offer the highest return on investment.
Fortunately, a full remodel isn’t necessary. Budget-friendly updates like:
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Refacing or repainting cabinets
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Replacing outdated appliances
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Installing a modern sink, faucet, or countertop
…can refresh your kitchen and attract tenants without exceeding your renovation budget.
2. Bathroom Improvements
Like kitchens, bathroom renovations don’t have to be extensive to make an impact. Simple updates can greatly improve your property’s value and tenant appeal.
Consider:
- Upgrading old tile surrounds with a fiberglass overlay
- Replacing worn flooring with long-lasting tile
- Installing a new vanity, mirror, or light fixture
- Applying a fresh, neutral paint color
Tile flooring is especially effective—it’s durable, attractive, and provides a more upscale feel than laminate with only a slightly higher upfront cost.
3. Stone Veneer Exterior
First impressions matter—especially for rental properties. One high-impact exterior upgrade is adding manufactured stone veneer to the front of the home. This enhancement can:
- Modernize the property’s appearance
- Increase curb appeal
- Justify higher rent
- Deliver near-full cost recovery upon sale, according to cost vs. value reports
Install veneer around pillars, entryways, or the bottom third of the front facade for the most striking effect.
4. Replace Garage Doors and Windows
Garage door and window replacements are two of the best renovations in terms of ROI.
- A new garage door improves aesthetics and functionality with a relatively low investment.
- Upgrading to vinyl windows can improve energy efficiency, safety, and the overall appearance of the property—making it more attractive to renters.
These improvements also reduce maintenance calls and utility costs, which can benefit both you and your tenants.
Make Strategic Upgrades for Long-Term Gains
While property upgrades can be time-consuming and costly, they’re essential for maintaining competitiveness in the West Covina rental market. By focusing on renovations with high ROI, you can increase both your rental income and your property’s market value.
At Real Property Management Fairmate, we help property owners plan and prioritize smart upgrades that deliver long-term benefits.
Call us today at 626-691-9749 or contact us online to schedule a consultation. We’ll evaluate your property and recommend cost-effective improvements to help you succeed.
Originally published: July 8, 2022
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