Want to elevate your rental property and maximize your return on investment? Tenant improvements may be the answer you’re looking for. Strategic upgrades can not only attract high-quality tenants but also significantly increase the value of your property overall. In this blog, we list the top tenant improvements for increasing property value and creating a win-win situation for you and your renters. 

Install Durable Flooring

The interior of a contemporary commercial office building with hardwood floors and brick walls

Investing in long-lasting flooring is a great way to not only minimize maintenance but also enhance the overall functionality and appeal of your rental properties. The following flooring materials are all durable, easy to care for, and great for boosting your ROI: 

Engineered Wood 

Engineered wood is made by layering real wood, plywood, plastic, and other materials to create planks that look genuine but aren’t susceptible to warping. This is cheaper than traditional wood and is easy to install with click-lock or glue-down methods, saving you time and money without compromising quality or aesthetic appeal. 

Luxury Vinyl Plank (LVP) Flooring 

Luxury vinyl plank (LVP) flooring offers the look of realistic wood at a more affordable price point and higher durability compared to solid hardwood. The material is moisture, scratch, and stain resistant, and it’s easy to maintain with regular sweeping and occasional mopping. This is a great selling point for tenants, and it’ll also help protect your property from damage. 

Carpet Tiles 

Unlike traditional wall-to-wall carpet, carpet tiles are individual squares put together to create cohesive flooring, like tile. This makes them easy to repair and replace if a single tile gets damaged, without the need to redo the entire floor. This can save you money on repair costs. Carpet tiles are also made from high-quality materials that can withstand heavy foot traffic, and even contribute to better noise insulation, which tenants will value. 

Apply Fresh Interior Paint

The interior of an empty room with freshly painted white walls and hardwood flooring.

Outdated or faded paint can make a property feel uninviting or poorly cared for. A fresh coat of light, neutral paint can instantly brighten up a space and make it feel more modern. This simple update can greatly boost the curb appeal of a rental space and attract more tenants, all with very little upfront costs.  

It’s also important to pay attention to areas like the interior trim and baseboards. Touch-ups on these areas with new paint can help revitalize a room and conceal scuff marks. This can help attract high-quality tenants who will likely pay attention to tiny details like this, in turn boosting your property value and ROI. 

Bathroom Upgrades

White bathroom construction interior with sink and toilet.

Strategic upgrades to bathrooms can significantly boost your property value. This is because there are many bathroom renovation options in this one room, that all yield incredibly high ROI:  

Storage and Organization Solutions 

Clutter can make even the most stylish bathroom feel cramped and outdated.  These storage solutions can help make a bathroom more convenient and functional: 

  • Vanities with ample drawers and cabinets 
  • Built-in shelving units above the toilet or in unused corners 
  • Towel bars and hooks near the shower, sink, and vanity 

Ventilation Upgrades  

Adequate ventilation in a bathroom is vital for preventing mold and mildew growth. Installing high-performance exhaust fans or other modern ventilation solutions can help combat this, protecting both your tenants and your property long-term. 

Water-Efficient Plumbing 

Installing water-saving plumbing fixtures is a great way to reduce water usage and utility costs for both you and your tenants. This can include water-saving toilets that use less water per flush or low-flow faucets that reduce water stream intensity. 

Energy Efficiency Upgrades

A young builder in a construction hat changes a LED lightbulb for tenant improvements in an office space.

Energy efficiency upgrades can reduce the operating costs of your property, which helps you save money in the long run and is a great selling point for tenants. 

Switch to LED Lighting 

LED lightbulbs are a lot more cost-effective than traditional incandescent lightbulbs because they use a fraction of the energy but offer better brightness. They also last up to seven years, making them an efficient upgrade that can translate into lower utility bills for you and your tenants. 

Install Smart Thermostats 

Smart thermostats allow for programmable temperature control, which can lead to substantial energy savings over time. Tenants can easily set schedules to adjust heating and cooling automatically when the property is unoccupied, which eliminates unnecessary energy use and keeps utility bills under control.  

Increase Your Property Value with Tenant Improvement Services from DRF Builders 

If you want happy tenants who stay put and a property value that keeps climbing, strategic tenant improvements are key. From durable flooring to energy-efficient upgrades, these investments help create a more comfortable, functional, and desirable environment for your renters. 

Ready to create a space that attracts long-term tenants and maximizes your return on investment? At DRF Builders, we understand how to strategically implement tenant improvements that optimize your property for long-term success. Contact us online to discuss how we can bring your vision to life, or give us a call at (208)-254-2002 to get in touch with one of our team members today.