b7d1051d

Forget Renovations: This House Painting Fix Could Boost Rent by 152%

looka_production_156146777 — Wed, 09 Oct 2024 13:45:18 GMT

Interested In Rent Appreciation?

Many homeowners make the mistake of listing their property with the promise of making repairs and renovations based on the tenant's preferences after they agree to rent. While such arrangements do work, they often come at the cost of the homeowner.

Think about it - As a tenant, would you be more interested in renting a well-maintained, almost new-looking house or one with visible damages that the owner promises to repair after signing the lease?

Every tenant deserves a clean, well-maintained house, but there’s a difference between upkeep and aesthetics.

For rental properties, paint is one of the easiest and most effective ways to enhance the look and feel of your house. It offers an unbeatable return on investment, not only making the house look appealing but also serving as a smart choice for maintaining the space and addressing common issues like odor and damage.

Hi, I’m Alejandro, a renovation and expert home painter in Edmonton . In this blog, we'll discuss the ROI and benefits of a fresh paint job on a residential rental property and why working with professional painters is ideal.

Let's get started!

The Visual Impact - Boosting Rental Property Appeal

A fresh coat of paint can turn a drab apartment into a showstopper overnight. I've seen it happen countless times. From transforming a dark, dated kitchen to making a small living room feel cozy, paint has an immediate effect on how tenants see the space.

Small, small details like painting cabinets, wall covering, painting cupboards, refinishing hardwood flooring, stucco repair, window caulking, furniture painting, or using neutral tones to make interior spaces feel more open and welcoming. And don’t forget curb appeal - a well-painted exterior is one of the first things prospective tenants notice.

According to Zillow, small improvements like the color of a front door can make a big difference. Homes with slate blue or black front doors, for instance, can sell for as much as $6,449 more. Amanda Pendleton, Zillow's home trends expert, said, "This research shows how seemingly minor home improvements can make a big difference in the way a potential buyer views and values a home."

Similarly, rental homes with fresh paint can fill vacancies faster and often at higher rents.

How To Get Rid Of Old House Odors?

Did you know certain paints can help eliminate lingering smells - Rental houses can develop unpleasant smells for various reasons, including water damage, carpets, walls, furniture, cigarette smoke, pet odors, and mold.

Luckily, advancements in paint technology have made modern paints more than just decorative. Many now come with odor-blocking, stain-resistant, and even antimicrobial properties - perfect for rental properties.

An article from the American Coatings Association reveals that pre-painted, silver-containing coatings can reduce mold, fungi, and bacteria, even after 10 years of continuous use in homes and hospitals. These antimicrobial coatings help keep surfaces cleaner and healthier, benefiting both tenants and property owners by lowering health risks and maintenance needs.

If your rental property has odors that just won’t go away despite following best cleaning practices, it might be time to use odor-blocking primers and paints.

Here's a Pro Tip : Primers are essential if you’re dealing with stains or odors. They help cover up watermarks, smoke damage, and pet-related stains, making sure the final paint coat looks clean and ensures the paint will last longer, which means fewer touch-ups and less frequent repainting.

Lastly, make sure there’s proper ventilation while painting to allow odors to dissipate.

Paint in Property Upkeep (Maintenance and Longevity)

Regular painting is essential for keeping your rental property in top shape. It protects surfaces from wear and tear, prevents long-term damage, and keeps the home looking fresh for new tenants.

How Often Should You Repaint?

While it's up to you. However, besides aesthetics, some conditions make repainting a must. For example, chipping, peeling, or lead-based paint must be addressed before a tenant can move in. In many areas, this is important for maintaining habitability.

For minor scuffs or furniture marks, touchups might suffice. But if the home looks worn or outdated, a full repaint could be in order. As a rule of thumb, do interior painting every 3-5 years and exteriors every 5-7 years.

Beyond Aesthetics - Paint as a Problem-Solver

Paint isn’t just for aesthetics - it can also hide imperfections like drywall repairs, cracks, or dents.

Got outdated fixtures?

A quick coat of paint can make them look new without the cost of replacement. In some cases, paint can even act as a temporary fix for bigger issues, giving you time to budget for larger repairs down the line.

Eco-Friendly House Painting for Healthier Rentals

Low-VOC (volatile organic compound) and zero-VOC paints are becoming increasingly popular among environmentally conscious landlords. These eco-friendly paints emit fewer toxic chemicals, improving indoor air quality for tenants. It’s a win-win: you're promoting healthier living spaces while attracting eco-conscious renters.

Return on Investment (ROI) of House Painting

Painting is a cost-effective way to update a rental property compared to other renovations. According to HomeLight’s Top Agent Insights for New Year 2022 Report , “On average, buyers will pay 7% more for a house with great curb appeal versus a home with a neglected exterior. Fresh exterior painting can boost a home’s value by $7,571 and net a 152% return on investment." That’s a solid reason to invest in painting before renting.

In the long run, regular painting saves money by preventing small issues from becoming expensive repairs.

Best Practices for Rental Property Painting

When repainting rental properties, stick to neutral colors that appeal to a wide range of tenants. Neutral tones create a blank canvas that allows renters to personalize the space with their furniture and décor.

You’ll also want to balance cost and quality by selecting paints that offer durability at a reasonable price.

Should You DIY or Hire Professionals?

For smaller spaces, you can save money by doing it yourself. However, hiring professional painting services often results in better quality and faster turnaround times.

Before opting to DIY, consider the time and effort involved. Professional house painters have the skills, equipment, and experience to deliver outstanding results. And with most painting happening during tenant turnover, time is crucial. The longer your rental sits empty, the less money you make.

Refresh Your Home with Medina Home Solutions

(A Home Painting Company in Edmonton)

Paint is more than just color on a wall. It's a versatile tool that can transform your rental property, enhance aesthetics, solve common problems like odors and damage, and boost your bottom line.

Want to boost your rental property's value in Edmonton with the help of a renovation and residential painting specialist?

It's time to pick up the phone and call us at 587-400-0775 , email us at alex@medinahomesolutions.ca , or contact us , to get a free quote and see how your rentals look after brushing!

We serve in Edmonton, Lake District, Clareview Campus, Fort Saskatchewan, Sherwood Park, Mill Woods, Beaumont, Nisku, Terwillegar Towne, Callingwood, Spruce Grove, Jasper Place, St. Albert, and surrounding areas.

Make the most of the season by following these simple guidelines

test@looka.com — Tue, 08 Oct 2024 16:24:16 GMT

The new season is a great reason to make and keep resolutions. Whether it’s eating right or cleaning out the garage, here are some tips for making and keeping resolutions.

Make a list

Lists are great ways to stay on track. Write down some big things you want to accomplish and some smaller things, too.

Check the list regularly

Don’t forget to check in and see how you’re doing. Just because you don’t achieve the big goals right away doesn’t mean you’re not making progress.

Reward yourself

When you succeed in achieving a goal, be it a big one or a small one, make sure to pat yourself on the back.

Think positively

Positive thinking is a major factor in success. So instead of mulling over things that didn’t go quite right, remind yourself of things that did.

Keep in touch with site visitors and boost loyalty

test@looka.com — Tue, 08 Oct 2024 16:24:15 GMT

There are so many good reasons to communicate with site visitors. Tell them about sales and new products or update them with tips and information.

Here are some reasons to make blogging part of your regular routine.

Blogging is an easy way to engage with site visitors

Writing a blog post is easy once you get the hang of it. Posts don’t need to be long or complicated. Just write about what you know, and do your best to write well.

Show customers your personality

When you write a blog post, you can really let your personality shine through. This can be a great tool for showing your distinct personality.

Blogging is a terrific form of communication

Blogs are a great communication tool. They tend to be longer than social media posts, which gives you plenty of space for sharing insights, handy tips and more.

It’s a great way to support and boost SEO

Search engines like sites that regularly post fresh content, and a blog is a great way of doing this. With relevant metadata for every post so search engines can find your content.

Drive traffic to your site

Every time you add a new post, people who have subscribed to it will have a reason to come back to your site. If the post is a good read, they’ll share it with others, bringing even more traffic!

Blogging is free

Maintaining a blog on your site is absolutely free. You can hire bloggers if you like or assign regularly blogging tasks to everyone in your company.

A natural way to build your brand

A blog is a wonderful way to build your brand’s distinct voice. Write about issues that are related to your industry and your customers.

Tips for writing great posts that increase your site traffic

test@looka.com — Tue, 08 Oct 2024 16:24:15 GMT

Write about something you know. If you don’t know much about a specific topic that will interest your readers, invite an expert to write about it.

Speak to your audience

You know your audience better than anyone else, so keep them in mind as you write your blog posts. Write about things they care about. If you have a company Facebook page, look here to find topics to write about

Take a few moments to plan your post

Once you have a great idea for a post, write the first draft. Some people like to start with the title and then work on the paragraphs. Other people like to start with subtitles and go from there. Choose the method that works for you.

Don’t forget to add images

Be sure to include a few high-quality images in your blog. Images break up the text and make it more readable. They can also convey emotions or ideas that are hard to put into words.

Edit carefully before posting

Once you’re happy with the text, put it aside for a day or two, and then re-read it. You’ll probably find a few things you want to add, and a couple more that you want to remove. Have a friend or colleague look it over to make sure there are no mistakes. When your post is error-free, set it up in your blog and publish.