Remodeling a Condominium Rental Unit
It comes time in every rental unit’s life when remodeling is essential. Although it can be hard to put money into remodeling something you don’t even live in, there are upgrades that can be done for a reasonable amount that add value to your rental.
Because the prime rental season in Florida is in the winter months, it’s likely you’ll want to undergo your renovations in the summer. That means now is the optimal time to begin planning, doing research and getting estimates. If your winter residents haven’t moved in yet, you’ll want to meet with the contractor in the condo to discuss your ideas and budget. If they have, find out a time that you can be in the home for a few hours without disrupting their plans.
Big Impact Condo Remodeling Ideas
When it comes to “modern” vs. “dated” in a home, most people can agree that laminate countertops, vinyl flooring, and anything other than stainless appliances make a space feel dated. The biggest bang for your investment is in the kitchen, bathrooms, and the flooring.
The biggest investment in the kitchen will likely be new countertops. Granite or quartz will instantly update the space. Choose a neutral color that compliments your existing cabinets. Your remodeling contractor should ask you which finish you’d like on the edge of the countertop. A half bull-nose is a popular choice for the kitchen because it acts like a waterfall when things are spilled on it, making the spill run onto the floor, not down the front of the cabinets. If your sink and faucet are showing age, now is the time to replace those as well.
Next consider new appliances. If your renters pay the utility bills, then a mid-grade appliance set will look great and last. If you’re paying, you may want to consider an EnergyStar® rated set to save you money. Look at your cabinet knobs and drawer pulls, will they work with the new countertop and appliances? If not, investing in this small detail can give a refreshing look to your cabinets.
Flooring has come a long way in recent years thanks to new technology. No longer does a laminate floor need to look cheap. There are high quality American made laminates that look like real wood, tile, and natural stone at a fraction of the cost. Another benefit of laminate is that it is durable and resists scratches.
Upgrading the A/C can make your unit more marketable as an energy saving dwelling.
By updating your rental unit, you can get more money each month and the return on your investment will be recouped. When you’re choosing your condo remodeling company, make sure to choose one with experience in condo remodeling and one who understands your unique reason for the remodel. Silver Palm Remodeling has vast experience in remodeling condominiums. Give us a call today at 727-420-6693 to make an appointment or fill out our contact form and we’ll call you.