Could your condominium or townhome use a facelift? Have you contemplated a remodeled kitchen, new carpet, or updated furniture, but not sure which area to focus on to improve your individual unit rating? From simply re-painting to complete renovations, condo owners are finding ways to increase their rental revenue.
Some of you may have noticed a decline in your rental revenue this past year considering the economy, especially if your unit has a low rating. Most properties rate units individually. So even if you own a unit at a high end property, but have a low individual rating, your unit may not be getting rented at all unless the property has full occupancy. Lower ratings mean lower occupancy rates which mean less rent revenue generated by your unit. The more you can improve your individual unit rating, the more likely you are to increase your rent revenue.
One of the most important aspects of refurbishing your property is to realize where you can get the most bang for your buck. Find an interior designer or someone to help guide you in the right direction so you're upgrades are in your best economic interest. You'll want to refurbish in the proper areas of your unit to improve your individual property rating.
Here are some suggestions (and keep in mind there are many sustainable, earth friendly options for all of these choices):
1. New Carpet
2. Paint the unit, possibly adding accent walls, bringing in warmth
3. Update artwork and accessories
4. Make sure mattresses & bedding are comfortable & not worn
5. Upgrade any outdated furniture
6. Replace lighting with new, efficient lighting
7. Remodel the kitchen with new cabinets, countertops, & appliances
8. Remodel the bath with new cabinets, countertops, and tile
By Melissa Bailey
Design Consultant & Project Manager in Steamboat Springs, Colorado.
http://ezinearticles.com/
0 komentar:
Post a Comment