As a Fort Collins rental property owner, one of the great things you can do to guarantee that your real estate investments are profitable is to make them as low-maintenance as possible. There are several low cost and helpful methods to make a low-maintenance rental property. These techniques may help when you notice that you are spending too much time and money on property maintenance.
The primary step to owning a low-maintenance rental is to make sure you have the right materials for your property. Low maintenance is not the same as low quality. Most quality materials are more durable and easier to keep clean than the cheaper, low-grade type. Flooring is one area where this is especially true. For low-maintenance floors that retain their attraction for many years, savvy property owners often choose tile or vinyl. Tile and vinyl both work well in kitchens, bathrooms, hallways, and other high-traffic areas. And they’re both easy to keep clean.
Countertops are also a place where the right materials can make a big difference. To obtain 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 several accessible styles of solid surface countertops, offering a couple different colors and styles. You can also achieve the appearance of more expensive granite without the price or doubt that your tenants will damage the natural stone with harsh cleaners. For countertops and flooring, it’s advisable to go 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 first-rate semi-gloss paint. Unlike flat paint, which could be stressful to clean and may stain quickly, semi-gloss or even gloss paint is also great for heavy wear. Try applying glossy paint in the kitchen to give those walls a stain-resistant effect. You can also try to put 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 you’re scheduling your renovations, do not forget about low-maintenance lighting choices. Pendant lights and chandeliers may look beautiful, but they seem to gather dust and bugs and are easily damaged sooner or later. To minimize maintenance, use good quality, functional lighting that is mounted securely to the ceiling. It’s also a wonderful idea to utilize light fixtures that make it easy for your tenants to change light bulbs when needed. For extra marketing advantage, it is advisable to change your electrical sockets to provide plug-ins for cell phones and some portable gadgets. This will not only attract more tenants, but it will greatly reduce issues like blown fuses.
After all, one of the useful techniques to establish and own a low-maintenance rental is to have a comprehensive maintenance plan in position. Your maintenance plan must incorporate both interior and exterior maintenance activities, as well as a schedule of when each task should be done. Doing routine maintenance every month is required to prevent expensive emergency repairs and keeping your rental as low-maintenance as possible.
Looking for assistance in making your rental investment more low-maintenance and profitable? Contact Real Property Management of the Rockies at 970-658-0410 to speak with a Fort Collins property manager today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.