Things to Consider When Renovating a Rental Unit

Posted by Braden Equities Inc. on Apr 27, 2017 10:02:00 AM

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This is a special before-and-after case study of a property managed by Braden Equities Inc. If you like the transformation, feel free to contact us and learn how we can refresh your investment properties.

Flooring
  • Dated, worn or stained carpets must be replaced.
  • Lino and tiles should be updated to modern standards to complete the flooring transformation.
  • Try to use only two different colours throughout.
  • Consider a quality laminate floor covering over carpet replacement. Longer life expectancy offsets the extra cost if you use laminate.

Fixtures

  • Dated, old light fixtures should be replaced with modern fixtures.
  • Energy efficient lighting should be considered for obvious r
  • easons.

Rental Property Renovation Checklist

Plumbing

  • Shut off valves checked for function and replaced if necessary along with zone valves, thermostats, and fans that are defective.
  • Old toilets should be replaced with low flush alternatives along with water saver showerheads.
  • Plumbing fixtures including tubs, tub surrounds and sinks should be replaced if chipped or worn enamel as this makes them appear unsanitary.
  • Resurfacing tubs is not a long term solution nor economical.

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 Appliances

  • Old dated appliances should be replaced with modern.
  • Two bedroom units must have a larger fridge which may require minor alteration to the cabinets.

 Miscellaneous

  • Baseboards, casings, curtain rods and window coverings are all important features to consider in any renovation or modernization program.
  • Bathroom and bedroom doors may also require painting or replacement along with dated hardware.
  • Kitchen cabinets are a key to all renovations. Consider painting with a complete change of hardware. An economical alternative to replacing the cabinets is installing modern cabinet doors using the original boxes.
  • The unit must present a clean, sanitary environment in order to attract a quality tenant. Windows must be weatherproof and clean.

 

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Topics: Investing with Real Estate

With nearly 40 years in business, Braden Equities Inc. is one of the premier property management companies in Edmonton and the surrounding area. Our management style is tailored to the unique needs of each one of our clients, and we work as a team to ensure that every project is treated with the care and attention it deserves. We pride ourselves on having the best staff in the industry, backed by strong, proven management systems that deliver results. We firmly believe that paying attention to the details can make all the difference.
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