Cost effective rental property improvements Katy property management

Cost effective rental property improvements Katy property management

As a property investor you want to give careful thought to each improvement decision regarding your rental property. Any money you put into upgrading your investment ought to return to you via higher rents, quicker turnarounds, or both.

Recent commercial property studies show that investing in landscaping is a cost effective strategy for attracting high-end office tenants. Situated amongst well-groomed lawns, shrubs and flowers, the building reflects the image that a top shelf commercial client demands. And when the grounds around an office are beautifully maintained, the assumption is that the building is meticulously cared for, both inside and out. “Commercial offices with high quality landscapes have 7 percent higher rental rates, Wolf said, and on the retail side, shoppers claim they will spend 9 to 12 percent more for goods and services in central business districts having a high quality tree canopy." Read more about how landscaping is one of the most cost effective rental property improvements here.

First impressions are important when assessing all properties, not just commercial ones. To help you determine the landscaping needs of your residential rental property, it’s a good idea to take several photos of the front exterior. Reviewing a printed image can be helpful when zeroing in on areas for improvement. Creating a better first impression of your rental property might mean trimming overgrown bushes that block the windows or front walkway. Trees may need to be cut back or removed if they obscure the front of the home or apartment, cause dark shadows or make the entrance unappealing. A dull, drab, or plain exterior can be livened up with a few well-placed shrubs. Install plantings on either side of the front walkway to create a welcoming and inviting first impression.

Stumped about how much to invest in rental property landscaping? Consult with PMI of Houston property management for the most cost effective options to raise the curb appeal of your property.

PMI of Houston is a full service property management company serving Katy, Sugar Land, Fort Bend, Missouri City, Richmond, Rosenberg, and the Houston area. We offer competitive and simple flat fees with no hidden costs. Contact us to learn more about our real estate management services.