--- title: "4 Home Upgrades Worth the Investment | Real Property Management Gold" description: "Increase your rental property's value with strategic renovations!These improvements offer the best ROI and keep your property attractive to tenants." url: https://realpmgold.multisites.ai/renovations-best-return-on-investment-661 publisher: Real Property Management Gold phone: +1-301-392-2172 assessment: https://realpmgold.multisites.ai/contact-us#assessment --- # 4 Home Upgrades Worth the Investment OwnersPublished May 31, 2024Updated June 7, 20242 min read ![Contemporary blue kitchen with renovated windows, cabinets, and countertops. ](https://realpmgold.multisites.ai/media/b1-renovated-kitchen-26b778.webp)Many investors understand that making improvements to their Lexington Park rental properties is necessary to keep them appealing to tenants. Additionally, these upgrades can significantly boost the value of their investment. Some property enhancements can markedly raise its value. Rental property owners must know which renovations yield the best ROI to ensure long-term success and profitability. ### **Kitchen** Before renovating your rental property, assess the construction costs relative to the anticipated boost in property value. [A recent nationwide survey](https://www.biggerpockets.com/blog/roi-home-improvement-projects) 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 lets you make substantial improvements without going over budget. ### **Bathroom** 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’s long-term benefits are even more impressive since it lasts for decades without needing replacement and has a more upscale feel than laminate flooring, with only a slightly higher cost. This gives you confidence that your investment will endure. ### **Stone Veneers** First impressions play a key role in renting a property. Therefore, why not enhance the exterior of your property? One of the best enhancements you can make is adding manufactured stone veneer to the front of your property. It will not only refresh your property’s look but also offer a high return on investment by making it more attractive to tenants. A cost vs. value analysis showed that replacing vinyl siding with stone veneer around entryways, pillars, or the lower third of your front exterior [helped sellers recoup nearly all installation costs](https://www.bankrate.com/homeownership/home-renovations-that-return-the-most-at-resale/). By upgrading before selling, you can increase profits by making your rental home more appealing and commanding higher rents. ### **Doors and Windows** Remodeling specific parts of your home can offer the best returns. Garage doors and windows are two examples. If your rental has a garage, consider replacing the garage door when it shows signs of wear. Though it appears small, a new garage door can significantly boost your property’s value, like stone veneers. Similarly, updating old windows with new vinyl ones improves aesthetics and enhances safety and energy efficiency. These improvements can make a big difference when trying to rent out a vacant property. Property improvements and upgrades can be both costly and time-consuming. Despite the costs, these upgrades are key to the long-term success of your rental property investment in Lexington Park. Planning and budgeting for regular improvements ensures your rental property stays competitive and increases in value. To create a rental property that will attract both renters and buyers, call [Real Property Management Gold](https://realpmgold.multisites.ai/) at [301-392-2172](tel:+1-301-392-2172) or [contact us](https://realpmgold.multisites.ai/contact-us) online. Property managers in [Lexington Park](https://realpmgold.multisites.ai/areas-we-serve/st-marys-county/lexington-park) can evaluate your property and suggest affordable solutions to keep it competitive. _Originally published: July 8, 2022_ First published by Real Property Management Gold on May 31, 2024. Details may have changed since then; current rules are in the [Landlord Center](https://realpmgold.multisites.ai/landlord-center). ## Keep reading - [Foundation Maintenance Guide: Essential Tips for Long-Term Property StabilityProtect property value with essential foundation maintenance tips. Prevent damage, mold, and costly repairs with routine inspections and professional care.](https://realpmgold.multisites.ai/maintaining-st-marys-county-rental-property-foundations-661) - [How Short-Term Rental Conversions Are Affecting Long-Term Rental MarketsAnalyze short-term rental trends and their effects on long-term rentals. Get practical advice for landlords and investors on selecting the right property strategy.](https://realpmgold.multisites.ai/short-term-rental-conversions-long-term-rental-markets-661) - [How to Decorate Your Rental Home Without Risking Your Security Deposit: Essential Tips for RentersDiscover renter-friendly decorating tips to personalize your home and protect your security deposit. Learn how to avoid common mistakes and maximize your refund.](https://realpmgold.multisites.ai/decorating-and-deposits-661) ## Ask what your home could rent for. Free. A free rental assessment from our offices in Lexington Park and Waldorf. No cost, no contract, no pressure. [Request a free assessment](https://realpmgold.multisites.ai/contact-us#assessment)[(301) 392-2172](tel:+13013922172)