As the proud owner of one or many rental properties, you want to make sure that your apartments, duplexes, or rental homes are as comfortable and welcoming as possible. Upgrading the kitchen, including the cabinets, is a great way to attract potential renters while improving the value of your property. However, unlike replacing the cabinets in your own home, there are other important factors you must take into account while choosing the right cabinets for your rental property. Here are a few simple tips to help you choose the ideal kitchen cabinets for your rental property.
Create a Budget
First and foremost, it is important to create a budget for your kitchen cabinet upgrade. Remember, because you are purchasing cabinets for your rental property and not your personal property, you will not need to spend as much. Instead, create a budget that makes sense for the market value of the rental property and how much you are renting your property for.
For example, if you are renovating the cabinets in a small, one-bedroom apartment, you will typically spend less money than the replacement of the kitchen cabinets in a larger, multi-bedroom condominium. When creating the budget, remember you need to factor in the price of the cabinets, demolition, the cost of labor, and the hardware.
Make sure to add some extra money to your budget for any unexpected costs that come up during the process.
Consider the Needs of Your Renters
The potential needs of your renters are other major factors to consider when choosing cabinets. For example, if you are renting a multi-bedroom townhouse or apartment that is best suited for a larger family, you will need to include more cabinets and drawers than if you are renovating a small efficiency apartment.
No matter what the size of your rental unit, remember that in many cases, lack of storage space is a major concern for your renters. Make sure that you provide plenty of cabinet space, which will attract renters to the property.
Choose Cabinets That Are Appealing and Easy to Care For
Finally, in order to appeal to multiple tenants and stay within budget, choose cabinets that in a traditional, neutral finish that are easy to clean and maintain. Traditional shaker cabinets in a lighter wood or painted a neutral color are a great option because they have a mass appeal, and the cabinets are easy to maintain and clean.
When it comes to choosing the right cabinets for your rental property, these are some of the factors you need to keep in mind.
Contact a local home improvement store to learn more about kitchen cabinets.
