10 Condo Upgrades That Will Spruce Up Your Unit, For You or Your Tenants
Full home renovations can get quite expensive to say the least – even a complete renovation of just one area of a home may be outside of a homeowner’s budget. However, for investment properties, seemingly small upgrades can often make a big difference in the look and feel of a property and can draw in high-quality tenants and higher rental rates. If you’re looking to increase the value of your investment property, consider making some of the upgrades below:
INVEST IN SMART GADGETS
The idea that you can control anything in your unit using your smartphone is the kind of convenience that busy professionals need. A smart home also increases a condo’s resale value, should you decide to offer it in the market. By automating your home, you can control your appliances and other small gadgets from a distance. That will surely make potential renters excited, especially with savings in electricity.
(Megaworld Prime RFO offers smart, future-ready condos with the exclusive SMART HOME PRIME BUNDLE promo, read more about it here.)
The kitchen is another big factor in your condo renovation. Inspect the sink, the faucet, and other areas for rust and fix the problem. You may also want to upgrade your cabinets and give them a chic makeover.
Purchasing fully/semi-furnished condos will be better as all included major appliances are in perfect working condition, like most of the Read-For-Occupancy units for sale by Megaworld Prime RFO. Renters are willing to pay the extra rental cost; so that buying new appliances is something they need not have to deal with.
OPT FOR MULTIPURPOSE FURNITURE
The challenge for many renters is how to maximize their condo’s space. They need enough space to fit their items in without overcrowding their living area. This is where smart storage solutions and furniture with hidden storages come in.
ADD A FRESH COAT OF PAINT
Walls tend to deteriorate with age and are usually the first that a possible renter would notice.
If your walls are worn out, consider going for a paint job. Freshly painted walls can help hide small dings and scratches that could otherwise betray the age of your condo unit.
JUST ADD PLANTS
If you have a condo with a balcony, it would be nice to grow a small garden. That way, you can increase the unit’s value by telling the renters just how much valuable having a balcony is. It doesn’t have to be grand, just a few pots and hanging plants would do!
PUT UP WALL DECOR
Your unit’s walls are a blank canvas to express your personal style. Art is a popular decorative option, but you have other choices, too. Whether you’re on a budget or you simply want to explore new decor possibilities, there are a lot of pieces to spruce up your home’s walls and give your space a major upgrade.
USE THE RIGHT AMBIENT LIGHTING
Consider installing other lighting fixtures, like accent lights, to help create a calm and relaxing mood for your renter at home. These would give your renters more options to choose from instead of just plain old bright lights.
Other than the lamps, consider upgrading your room lights into LED bulbs that will provide better lighting yet consume less energy.
MAXIMIZE THE WALL WITH FLOATING SHELVES
A lack of appropriate storage solutions is one of the main drawbacks of a condo’s smaller space. You or your renters will be looking for items that will fit in your room, so how about you make use of every possible surface, like your wall! Installing floating shelves will not only give additional valuable storage space, but can help you improve the aesthetic and functionality of your condo.
DECLUTTER AND THINK MINIMAL
Keep in mind that condo units are compact spaces that you have to maximize and make the most out of. Take a good, hard look at all the things that lay around your unit. Does each individual piece still serve its purpose, or has it outlived its usefulness?
USE AN INTERNET EXTENDER FOR MORE STEADY CONNECTION
Since many adults today work from home, while younger members of the family get home-schooled due to the pandemic, having a fast and reliable Internet connection is an absolute must.
So, make renting your unit even more enticing by speeding up your internet connection, make it faster and more reliable.
Buying a condo is a worthy and rewarding investment if it fits your budget, needs, and lifestyle. The important thing is to know as much as you can about the options and opportunities available to you. In Manila, the real estate market is teeming with quality condos in prime spots. Check out the best future-ready RFO projects in and around Quezon City. Get in touch with a Prime Property Specialist to get started!
EXPLORE MEGAWORLD'S RFO PROJECTS
You may also call to inquire about ready-for-occupancy condo units for sale in Metro Manila at [email protected] or 0917.51.MPRFO and one of our Prime property specialists will assist you