When rental property property owners think of investing money in their property, quite often the thought is around maintenance of the property. Maintenance can come in many forms from replacing aging windows, resurfacing flooring, or the ever common re-painting. Of course as markets change and renters look for more value for their money it is up to the property owner to look for ways to add value.
While the larger new apartment developments can offer amenities such as a pool or gym, that doesn’t mean an owner of a single family home for rent in Long Beach can’t offer unique aspects that attract renters who pay a great rent and are looking to stay. As different innovations hit the housing market many of them are appropriate for your rental. Consider the following upgrades or you might even consider them updates to your rental to help you property stand out from the competition.
LED Lights
Many homes in Long Beach have been upgraded to include canned lights, but are those lights upgraded to LED lights. With the change in California to LED lights in 2018 it didn’t mean that everyone switched out their lighting or bulbs right away. LED lights are more cost effective to operate and with traditional incandescent lights out now just might be the time to switch over your lighting to all LED.
Insulation
If you have ever had an energy analysis performed on your home in Long Beach then it is likely that the concept of insulation was raised to help the home get greater use from the heating and AC unit. In the 1940’s, when many of the homes throughout Long Beach and Lakewood were built, insulation wasn’t part of the mandated building process as it is today. While insulation wasn’t common during the 1940’s or 1950’s the benefit is that raised foundations were popular making adding insulation fairly straight forward. Consider adding insulation in the attic to help control monthly heating and cooling costs.
Solar
The cost of solar has been decreasing (by some stats by 20% over the past 5 years) over recent years with increased competition and improved efficiencies. While solar panels can be one of the more expensive upgrades (prices can range from $11,000-$20,000 depending on the size of your property) it is one that can provide all of the necessary electricity for your property. With the tenant benefiting from not having an electric bill (or an incredibly tiny one) you could even get a premium on your monthly rental amount when they discover your property has solar.
These are just a few of the
property upgrades
that can help tenants save and keep them happy in your Long Beach rental for years to come. When you want to find out which upgrades we recommend if you have a recent vacancy we invite you to call us today (562) 888-0247. If you want to have a quick check to see how much your property could fetch in rent we invite you to fill out our
Free Rental Analysis
where we can show you how your property will fair against the competition.
