{"id":19353,"date":"2023-09-23T08:34:18","date_gmt":"2023-09-23T13:34:18","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=19353"},"modified":"2026-02-12T13:59:47","modified_gmt":"2026-02-12T19:59:47","slug":"best-renovations-for-your-investment-properites","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/best-renovations-for-your-investment-properites\/","title":{"rendered":"The Best Renovations to Make to Your Investment Property"},"content":{"rendered":"

Owning an investment property or rental involves more than just paying the mortgage and collecting checks from your renter. To maintain and grow your investment, you need to be putting time, money, and effort into maintaining and upgrading the property. Remodeling accomplishes several objectives: it makes your rental attractive to great renters, it boosts the long-term value of your investment, and it keeps your long-term renters happy.<\/span><\/p>\n

Are you ready to re-invest back into your rental or investment property? In this article, we review several high-impact, value-boosting summer renovation projects<\/a> tailor-made for rentals and investment properties.<\/span><\/p>\n

Start by remodeling the kitchen<\/strong><\/h2>\n

When most people hear the word \u201cremodel,\u201d they tend to think first about the kitchen<\/a>. In most homes, it\u2019s the first space to get renovated. This makes sense: the kitchen, after all, is central to modern life. Families cook, bake, and spend time together in the kitchen. An upgraded kitchen should be beautiful, practical, and inviting.<\/span><\/p>\n

On average, U.S. homeowners who remodel their kitchen see a 80.5% return on their investment. However, as a property manager, you should be able to beat that average. After all, your decisions in this space are solely driven by ROI: while a homeowner might \u201csplurge\u201d on an upgraded oven or a more expensive tile they really like, your priority is getting the most out of your kitchen remodel for the least amount of money.<\/span><\/p>\n

To get the most long-term value out of this project, invest in high-quality materials. For the kitchen countertops, go with either quartz or granite. Granite countertops, in particular, are aesthetically beautiful and can stand up to a good deal of use and abuse from renters. They are impervious to heat damage, resist staining effectively, and are difficult to damage. Whether your main concern is adding value or creating a kitchen that will last for years to come,<\/span> adding prefabricated or slab granite<\/span><\/a> to your investment property\u2019s kitchen is the right call.<\/span><\/p>\n

Maximize your ROI by making strategic compromises. While opening up the kitchen and removing interior walls will add value to the property, it also adds a lot of upfront costs. Get some quotes from local contractors before making your decision: you don\u2019t want to go through the trouble of changing the layout of the property if you\u2019re not going to get anything out of it. <\/span><\/p>\n

Flooring is another area where property owners can potentially cut costs. Most kitchens feature tile, but it can be expensive and difficult to install correctly. Today\u2019s vinyl and laminate floors have comparable water-resistance and durability, but are much easier to install and cheaper to purchase.<\/span><\/p>\n

Renovate the master bathroom<\/strong><\/h2>\n

Once you\u2019ve completed your kitchen remodel, it\u2019s time to move onto the master bathroom; an area that many homeowners have stated is top priority in terms of renovations, according to a new study<\/a> from Renewal by Andersen.\u00a0<\/span><\/p>\n

A mid-range bathroom remodel has an average ROI of 63.5%. Again, just as in the kitchen, the key to maximizing your ROI is deciding what is important to the project, and what the property can do without. Layout changes significantly escalate the cost of any bathroom remodel. You\u2019ll need to bring specialized contractors, plumbers, and electricians in to move pipes and wiring, and ensure everything is up to code. You\u2019re not likely going to get that money back, either in rental income or when you sell the property.\u00a0<\/span><\/p>\n

The better bet is to work within the creative confines of your current layout. Focus on the shower, vanity, and flooring. For the shower, replacing a hard water-stained frosted glass door with a modern, frameless glass one can transform the entire space. Add decorative shower tile and replace the shower head and fixtures. If you\u2019re remodeling your bathroom<\/a> and kitchen at the same time, consider ordering some extra granite or quartz to use for your bathroom vanity: the same durability and beauty natural stone brings to the kitchen can also improve your master bathroom.<\/span><\/p>\n

Getting the most value possible out of a bathroom remodel often comes down to the little things: lighting, mirrors, paint, and flooring. Just make sure your design choices fit within a unified theme\u2014a farmhouse-style wash basin vanity and a sleek, contemporary shower might not go together\u2014and that you avoid luxury upgrades. You\u2019re just not going to see a healthy return on a whirlpool tub upgrade. Save that for your own home!<\/span><\/p>\n

Make other property improvements<\/strong><\/h2>\n

Here are some of other high-impact property improvements you should consider:<\/span><\/p>\n