Attention Landlords

After looking through a few income properties I'm noticing that landlords are not offering some of the same amenities that a tenant can find in an apartment. There are a few items that can be updated inexpensively to give the space some new shine without breaking the bank and allow you to compete with the big boys.

• Washers and Dryers- Provide a closet with new electrical and plumbing. It may cost a bit more than a paint job but it does give you return. 
• Refinish the Countertops- (Apartments do this, it's not expensive.)
• Provide new energy efficient toilets-This can save you  money and the tenant. Plus studies show that people are getting larger. A small round bowl doesn't cut it for today's average size.
• Crown Moulding/Trim- A 16' stick of trim can be around 20 dollars. Want to save? Just trim out the living room and entry. 
• Lighting/Electrical Fixtures- Update the brass. No peer pressure but everyone else is doing it. 
• Wall treatment- paint only 1 neutral color and a light or dark trim. Be consistent and leave the space blank. New tenants want to image themselves living there. They may not care for that pink floral wallpaper border you thought would really brighten the space.
• Plumbing fixtures- This can be costly if you decided to change out brands. Not all fixtures have universal valves especially in an older home. These can be refinished to brushed nickel. Hand towel holders and new mirrors can help the bathroom too. 

So those are just a few tips I have for all of you trying to rent out a piece of property or just purchasing an income property for the first time.

Remember to also clean before you show the property. Keeping a few simple cleaning items in the closet can help make a lease happen. You want to attract the right kind of renter.