Making the Most Out of a Rental Property

The current real estate market is a booming one for many rental property owners. Whether it’s short, weekly occupancy, or long-term tenants, having an additional property that can be rented out is a smart move, especially considering how many people are looking for places in our area. So whether you’re ready to list on Airbnb or you’re interested in a longer-term commitment, here are a few things you can do to make the most out of your investment property. 

Treat it like a house, not 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 to appeal to a wider audience.

Upgrade kitchens and bathrooms. These rooms are key for rentals as they generally come “as-is” with fewer furniture and styling opportunities. With a kitchen, be sure that there is plenty of storage and that the appliances are clean and new. 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.

Keep it clean. Walls and carpets can get used and abused pretty easily, but most of the time they can look new with a thorough cleaning. 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.

Fixture focus. One inexpensive upgrade is giving the fixtures a facelift. 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 shade can really change a room on the cheap.

A picture is worth a thousand words. Good quality photography can really make a listing shine. Professional images 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.

Refinish a Basement for a Warm Winter Retreat

If you’ve ever considered a basement remodel, now is one of the best times. Creating a versatile space for your family to enjoy can both increase your square footage and add value to your home. Plus, it makes a fun escape from the winter weather and you can shop after holiday sales for some good deals on supplies. 

To transform an unfinished basement into a liveable space can range anywhere from $6,500 to $18,500 on average, according to an analysis by Home Advisor. What are the major factors that drive the price differential? Setting up plumbing for a new bathroom or kitchen can be expensive as well as any mold removal, leaks, or general structural issues that need to be taken care of. 

Mold and moisture are common basement problems that you’ll need to look into if remodeling is in your future. Most professional finishing specialists can advise on waterproofing to ensure that your space isn’t going to have any unexpected issues. Many basements are generally underinsulated and have leaky windows so if you’re going to improve the space, these basic updates are well worth the cost. Plus they’ll help the energy efficiency throughout your entire house. 

Once the basics have been considered, you’ll need to think through what you’re using the space for. Do you envision a home theatre or a mancave for Sunday football? Would a playroom for the kids be the perfect addition or is a teen hangout more your speed? No matter what you decide to do, think long-term. Little kids grow quickly and teenagers will soon be out of the house, so design for flexibility and change.

Whatever you decide to use your space for, one of the most important considerations will be low ceilings and light. Recessed lighting is a great option as it gives the illusion of height and it’s easy to install, especially if you’re working with a drop ceiling. Speaking of drop ceilings, you won’t believe how many stylish options there are to make those squares pop. From clean modern lines to pressed metal, basement ceilings can actually be a lot of fun to design. There are even acoustic absorption solutions to help control noise from televisions and home theatre systems. 

Next, consider your storage needs. Most people use their basements to keep clutter out of sight, but once the space is remodeled, where will all that stuff go? I am a big fan of creating zones in the basement that can be used for different people with different needs. I always recommend keeping at least one section available for those old clothes, holiday decorations, and air conditioning units as storage space is a valuable commodity in every family home. The key is to keep the clutter to a minimum. 

With all the basics considered, it’s time to have fun designing your space. A basement is a great place to experiment with an aesthetic that’s more daring than the rest of the house but the key is to keep it comfortable and transitional. Lastly, if a real estate transaction is in your 10-year plan, think about the next family that might be making memories in the home. A basement remodel can add serious dollars to your list price if it’s done appropriately.

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 visithttp://www.odonnellbros.com. Advice is for guidance only.

Mulch for a Clean Landscape Look

If you’ve been holding off on spreading mulch in your yard, you made the right decision. While it’s tempting to build a solid landscaping foundation early in the season, this year’s windy weather and spring blossom overload made it tough to do the job. Luckily, most of the early blooms have now fallen which makes it the perfect time to start tidying up. 

Mulch might seem like an unnecessary gardening step, but it actually has a lot of benefits. Most homeowners use mulch to cover bare soil in flower beds, around trees, and in any grassless areas that are susceptible to weeds. Mulch acts as a protectant; it keeps the soil warm and moist while keeping unwanted growth at bay. Most mulch options are made from organic materials such as wood and bark, so natural nutrients are absorbed into the ground. Plus, mulch really makes a yard look neat and well looked after. So if you’re sold on the benefits, let’s talk about the options because all are not created equal. 

Wood 

The most popular mulch is chipped wood or shredded bark which you can get from a landscaping store, lumberyard, or even for free if your town has public compost. Wood mulch is highly customizable both in color and size. Bigger chips give the ground more breathing room but they move around a bit more, while shredded materials stay put slightly better. In terms of color, you can always go natural or choose red, brown, or black mulch to match your home aesthetic. Mulch is colored using a vegetable dye which might temporarily stain any paths, walkways, or your hands. Don’t worry, it’s nothing a good 20-second scrub or a rainstorm won’t take care of.

Stone

If the area that you’re mulching is on a slope, I recommend going with pea gravel instead of wood mulch. Pea gravel is heavier and will stay put in high drainage areas much better than wood. There is such a thing as too much moisture and if an area tends to be wet, wood mulch can get moldy. Stone will allow the water to pass through easier without retaining excess moisture.

Straw

If you want to protect a newly seeded area of your lawn, straw is a great option. Not to be confused with hay which can germinate and produce weeds, straw will help grass seed from washing away and it deters birds and mice from a feast. It also naturally decomposes so there is no clean-up, but remember, this option is only for temporary use.

Regardless of what you use, I always recommend weeding your beds and staking landscaper’s fabric around existing trees and shrubs before you mulch. This is the best defense for weeds and it lasts for years so you don’t have to worry about doing it every spring. Whatever you do, don’t use plastic unless you don’t want anything at all to grow. Unlike fabric, plastic will cut off any oxygen to the area, effectively making it a dead zone for all plants, shrubs, and trees. Also, don’t be shy while you’re spreading. Weeds are strong and won’t be deterred by a thin layer. Go for a base of four or so inches to keep them from popping through. 

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.