6 Home Feature Investment Ideas for Property Managers

property management helpful tips

The real estate industry has numerous opportunities for realtors to invest. However, one of the most lucrative ways to improve your listings’ value is by investing in specific home feature ideas. Home improvement features give the house a whole new look, bringing in cool and unique designs to the finishing. Here are some amazing ideas to consider when looking to raise the value of the house.

Adding Attic Insulation

Adding attic insulation is one of the best ways to help reduce the cost of energy bills. According to experts, the house loses approximately 30% of the warm air generated by your heating system without proper insulation. This means having to spend more to keep your home warm. Adding attic insulation is practically a DIY job. However, it’s best to get a professional on the job to avoid a botched job. When investing in insulating the house, you may also caulk the doors and windows to lower the energy bills.

Installing an HVAC system or Furnace

Installing a furnace or new HVAC system is usually at the bottom of most people’s minds when renovating their homes. However, as a property manager, you may want to consider replacing or installing a new heating system. This way, you can increase your chances of selling the house or getting new residents for rentals. New homeowners tend to focus on the heating system, kitchen, and sanitation before looking at other elements.

The cost of installing a new furnace or HVAC unit may be high upfront. However, you need close to five years to start enjoying the cost-saving benefits of having a reliable and fully functioning furnace. Furnaces and HVAC units vary in price from one dealer to another. Whether you are seeking the best deals on furnace sales in Edmonton or the most cost-effective HVAC system in Dallas, you can find everything you need online with a quick search.

Renovating the Bathroom

This is one of the most common home improvement projects that have the greatest return on investment. As stated earlier, most new homeowners are conscious about their sanitation, with bathrooms being features that tip the balance on a sales pitch. You don’t have to do an extensive job on the bathroom; all you have to do is install new fixtures, apply a fresh coat of paint, re-grout the shower, and maybe install new faucets.

Kitchen remodeling

In the modern era of today, most homeowners are going for a practical and contemporary kitchen setup. In some cases, this means installing some of the latest kitchen appliances. Most people spend a lot of time in the kitchen preparing meals or even sharing meals with their loved ones. It would be best if you made the environment friendly and inviting. Unlike other home features, you need to take time to work on the kitchen. Your job starts with designing the layout and workspace. Be sure to invest more in a flowing workspace than installing fancy gadgets. Once you have the layout right, fixing the appliances, hardware and fixtures is pretty straightforward.

Update your plumbing

The plumbing system is one of the most sensitive parts of a house. Any damage could spell doom to the integrity of the home. If you have an old and rusty piping system, this may be the best time to update your plumbing. Keep in mind that the state of the plumbing system greatly influences the house’s value. You don’t have to worry about ripping holes in the walls to get the job done. Today most use plastic tubing that runs through the walls. This way, you can spend less on the materials and labor need3ed for the job.

New Windows

Like installing a heating system, windows are probably one of the last features people tend to remodel. However, installing new windows has numerous benefits. These benefits vary from one location to another. There are different window designs you can explore to complement the overall décor of your home and boost the aesthetics of the house. New windows are a good way of increasing the resale value of a house.

Summing Up

There are several home feature investment ideas you can consider for a house. However, those mentioned above should be one of your top choices, especially if you are looking to boost the home’s resale value.

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