Spruce Up Your Rental Property with These Tips

Owning a rental property can be a lucrative investment opportunity both for short-term stays and long-term tenants, especially during COVID when people are looking to escape the city. If you own a second property that you’re thinking about renting or have an investment property that’s ready to be occupied, a few upgrades and minor renovations can make a big difference in how much you can get for your space.

The first thing I remind people who are renovating a property that they don’t live in is to try and treat it like a house instead of a home. Spending time and money creating the perfect aesthetic is a waste because the people who will be occupying the property likely won’t have the same taste that you do. Instead, focus on function while maintaining an inviting and warm atmosphere. Keep it simple and comfortable.

Kitchens and bathrooms are key for rentals as they generally come “as-is” with less furniture and styling opportunities as rooms that are used for relaxing. With a kitchen, be sure that there is plenty of storage and that the appliances are clean and new. Remember, people like functional spaces so if you’re spending some money on upgrades, a dishwasher will be a smarter investment than a fancy mantle or built-in wine storage. For the bathroom, make sure it’s absolutely mold-free and has good ventilation. Everyone loves a strong, hot shower but no one wants a bathroom riddled with mildew from the heat and humidity. Again, it’s important to remember that no one is going to treat a rental property with the same love and care as their own house so plan for wear and tear.

Walls and carpet are important, but most of the time they can look new with a thorough clean. Before you go ripping, replacing, and repainting, see what you can do with a Magic Eraser and a carpet cleaner which can be rented from a home improvement store for around $30 per day. If your walls and carpet are damaged and you need to repaint or replace them, stick with simple, neutral colors that are easy to clean and will complement any style.

Another inexpensive upgrade is giving the fixtures a facelift. Turning some attention to cabinet knobs, door handles, blinds, and lighting can give a dated space a whole new look without spending a fortune. I can’t tell you how many homes and apartments I have been in with broken, plastic mini-blinds that make a whole room look dark and dingy. A simple replacement using wide faux wood blinds or a simple and easy to clean panel can really change a room on the cheap.

Finally, don’t even think about listing your property without investing in some good quality photography. Professional images can make all the difference no matter if you’re putting your property up on a vacation rental site or if you’re looking for a longer-term tenant. Great pictures will get more people interested in your space, giving you a wider selection of better prospects to choose from. Attracting good people who will take care of your property is key and will save you a lot of money and headaches in the long run, so it’s important to go the extra mile to find them.

Bob O'Donnell is the owner of O'Donnell Bros, Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro”. All questions may be considered for publication. To contact Bob for your remodeling needs, call O'Donnell Bros, Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.

Basement Odors Might Mean Something More Sinister

Most people think that a musty basement smell is par for the course. Isn’t having a space that’s underground going to have an odor no matter what? 

Let’s first talk about what the odor really is. Since basements are damper than any other part of the house, they are susceptible to higher humidity. Where there is higher humidity, there is a breeding ground for mold and mildew. Why is this a problem? In addition to being bad for your home’s health, it’s terrible for yours too. Mold and mildew can bring on asthma and allergies and can make anyone with a respiratory problem feel a lot worse. 

The ideal humidity level for most homes is 50% or lower, but in basements, humidity can often skyrocket to 80%, which is the perfect environment for mold to flourish. If your basement seems extra damp, I highly suggest investing in a dehumidifier that will work to draw the moisture out of the air. You’ll be shocked at how quickly the holding tank on an average-sized unit fills. You may have to dump it daily, but in doing so you’ll be removing moisture that allows mold to grow in the first place.

Once you have rid your basement of extra moisture, it’s time to purify the air. Overly humid areas attract a lot of bacteria, which is what causes the smell in the first place. That bacteria can live in walls and spread into your fabrics, furniture, and storage. By killing the bacteria in the air, you will remove contaminants that not only stink, but can also cause or irritate allergies, asthma, and immune system disorders.

One of the best air dehumidification and purification units I’ve seen is by Aerus.  They produce a system that uses NASA technology to remove pathogens, pollution, contaminants, and even pet dander from the air. Regardless of what brand you go with, be sure to look for a unit that has the EnergyStar seal, and make sure that you pay attention to the capacity of the air filtration as it pertains to your room size. If you have a big space with a lot of moisture, you might want to consider a unit that has a self-draining system to save your back and your patience.

Regardless of your plan of attack, the air quality in your home should be taken seriously. If your kids are coughing or have allergies and you seem to have difficulty breathing at home, it might be worth a call to your local pro for an air quality inspection. The symptoms of a mold allergy are not dissimilar to a common cold, so a simple reading of your in-home humidity might be a smart first step

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit http://www.odonnellbros.com. Advice is for guidance only.

Home Upgrades Worth Their Resale Value

For a lot of us, much of the past year has been spent thinking about how to make our homes more comfortable. With so much still hanging in the balance, I thought it might be worth talking about the types of remodeling projects that score big points in the real estate market, and which ones might not be so lucrative if you decide to sell your home. 

People generally think that any kind of upgrade to the home is going to raise its value. But that’s not always the case. Highly customized renovations that are specific to your family or jobs that will require a fair bit of maintenance actually end up discouraging potential buyers. Sure, you might think a wall to wall aquarium in a basement bonus room might be a great idea, but the next owner of your home may not agree. So what are the best renovating projects to reap high resale rewards?

Energy Efficiency Windows 

Homeowners who are old, young, first-time, seasoned, empty-nesters, or with young families all love a home that’s warmer in the winter, cooler in the summer, and is easier on the wallet. According to the 2020 Cost Versus Value Report published by Remodeling Magazine, vinyl and wood window replacement nabbed nearly 80% of their resale value in Hartford County. Windows are a fantastic investment and not only for their heating and cooling abilities. Replacement windows are easy to clean and they are excellent at reducing noise pollution. 

Kitchen Remodels

As the busiest and most used room in the house, kitchens tend to be a huge selling point in the real estate market, which makes an outdated kitchen a big no-no for a potential buyer. According to the same Cost Versus Value Report, a mid-range kitchen remodel is likely to get a seller upwards of 63% of their investment. What’s key is to stick to very neutral tones and a layout that suits cooking, eating and gathering. Most people love an island that can be used for food prep as well as a casual eating space. Lots of storage will hit the mark too. 

Garage Doors

This may surprise you, but the highest ranking home upgrade on the 2020 Cost Versus Value Report was a Garage Door Replacement which was valued at 104% of its cost here in the Hartford area. This means that most homeowners actually made more than they spent on the project when they sold their homes. Garages are an important feature in any house as every buyer wants to maximize their storage space. Plus, with more homeowners looking for additional living areas for home offices, giving the garage a little facelift isn’t a bad idea. 

The “No Go”

With plenty of lucrative projects for the savvy homeowner, there is one upgrade that’s not worth the spend if you’re planning on selling your home. According to the report, bathroom additions are an expensive project and not one that potential buyers really appreciate. An average $50,000 mid-range bathroom addition netted only 43% of its cost and an average upscale bathroom addition recouped only 38% of its cost. Between structural changes, plumbing, and fit-out, this is one project that might not be worth the investment if you’re planning on a home sale in the near future. 

Bob O'Donnell is the owner of O'Donnell Bros, Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro”. All questions may be considered for publication. To contact Bob for your remodeling needs, call O'Donnell Bros, Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.