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4 Home Upgrades Worth the Investment

Contemporary blue kitchen with renovated windows, cabinets, and countertops.
Most investors know that renovating their Exeter rental properties is important for tenant attraction. These upgrades also contribute to the growth in the value of their investment.

Certain home renovations can greatly increase a property’s value. Rental property owners should recognize which renovations offer the highest ROI for sustained success and profitability.


As you consider renovating your rental property, first weigh the construction expenses against the projected increase in property value. A recent nationwide survey found that most home sellers believe kitchen updates provide the highest ROI for the money spent.

However, this doesn’t mean you need to fully remodel the kitchen to increase your property values. Rather than a full remodel, minor updates like refacing cabinets, replacing appliances, or installing a new countertop, sink, or faucet can rejuvenate your property’s interior affordably. This allows you to make major improvements without spending too much.


This same principle applies to bathrooms; even small updates can significantly increase value if your facilities are modern and appealing. Think about updating old, worn tile tub and shower surrounds with a new fiberglass overlay. Install a new vanity and mirror, or think about painting the room in a fresh, light color. Exchange worn vinyl flooring for tile to enhance the upgrade.

Tile offers substantial long-term benefits, lasting for decades without needing replacement and providing a more upscale feel than laminate flooring, without much higher cost. This gives you confidence that your investment will endure.

Stone Veneers

The initial impression matters greatly when renting a property. Hence, why not improve the exterior of your property too? Adding manufactured stone veneer to the front exterior is one of the best upgrades you can make. It will not only refresh your property’s look but also offer a high return on investment by making it more attractive to tenants.

In a cost vs. value analysis, switching vinyl siding for stone veneer around entryways, pillars, or the lower third of your front-facing exterior walls helped sellers recoup almost all installation costs. Upgrading prior to selling can enhance profits by increasing your rental home’s marketability and permitting higher rents.

Doors and Windows

Remodeling certain areas can provide the highest return on investment. Examples include garage doors and windows. If you own a rental with a garage, consider replacing the door when it becomes worn.

A new garage door might appear minor, but it can greatly enhance your property’s value, similar to stone veneers. Updating old windows to new vinyl windows immediately enhances aesthetics, safety, and energy efficiency. Such projects can provide substantial benefits in filling a vacant rental property.

Investing in property upgrades can be expensive and time-consuming. Yet, these upgrades are essential for the long-term success of your rental property investment in Exeter. By budgeting for regular upgrades, you ensure your rental property remains market-competitive and gains value.

To create a rental property that will attract both renters and buyers, call Real Property Management Seacoast New Hampshire at 603-343-2202 or contact us online. Our property managers in Exeter can evaluate your property and recommend cost-effective strategies.


Originally published: July 8, 2022

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