If you're like most people who own and/or manage apartment buildings, you probably already know the value of attracting and retaining good tenants — and this depends in no small part on keeping the property in good repair and providing a pleasant and functional living environment for your tenants.
Upgrading a kitchen provides an excellent way to attract the right kind of tenant and keep them for long periods of time. Keep in mind that one of the main components of successfully renting out your properties is providing environments in which prospective tenants can imagine themselves living in happily. The kitchen is widely considered to be the heart of the home, so sprucing it can be a good investment.
The following are just five of the many kitchen upgrades designed to make any rental property more appealing without breaking your budget.
Plenty of storage place is always a desirable feature, so consider adding more cabinets along an empty wall. You can also add storage by adding a kitchen island with drawers underneath the main workspace or turning an empty corner into a small closet with shelves.
Add a Backsplash
Backsplashes add an attractive and functional element to any kitchen. Make sure to choose a backsplash that's made from durable, easy-to-clean material that complements the existing decor in the kitchen.
Add a Dishwashing Machine
No one really likes to wash dishes, so the addition of an under-the-counter dishwashing machine will appeal to just about any potential renter who vies the property. Many apartments build within the last decade or so already come equipped with these appliances, but if your property is older, you might want to consider having one installed.
Add Nonslip Flooring
Nonslip flooring will appeal to renters with small children in the home as well as to senior citizens. Next to the bathroom, the kitchen poses the greatest slip-and-fall hazard in the home, and nonslip flooring minimizes that risk significantly.
Add a Breakfast Nook
If space permits, the addition of a comfortable breakfast nook provides the kind of customized detailing that has the potential to attract and keep the right kind of tenant. If the apartment doesn't have the space for the addition of a nook, you might consider adding built-in seating right next to a sunny kitchen window instead.
Other budget-friendly quick upgrades include replacing cabinets and doorknobs, adding an attractive light fixture, and replacing faucets and sinks.
For more information, contact an apartment renovation contractor in your area.