7 Renovations That Attract High-Quality Tenants

by Skylar St. Pierre

Attracting high-quality tenants goes beyond competitive pricing—offering a well-maintained, modern property can make all the difference. Certain renovations not only boost your property’s appeal but also allow you to command higher rent and attract tenants who are more likely to stay long-term. Here are seven renovations that can help you draw in reliable tenants and increase your rental property’s value.

For even more renovation ideas, download our Top 10 Renovations That Increase Rental Value guide here.

1. Modernize the Kitchen

Why It Matters: The kitchen is often the focal point of a home, and tenants place a high value on updated, functional kitchens. A modern kitchen can make your rental property stand out, especially in competitive markets.
What to Do: Replace outdated cabinets, install energy-efficient appliances, and consider adding features like a tile backsplash or a kitchen island. If a full renovation isn’t in the budget, start with smaller updates, like new cabinet handles or a fresh coat of paint on cabinets.
Pro Tip: Stainless steel appliances and quartz or granite countertops are tenant favorites. These materials are durable, easy to clean, and create a high-end look that attracts quality tenants.

2. Update the Bathroom

Why It Matters: Bathrooms are a key area of interest for tenants. An outdated or poorly maintained bathroom can be a dealbreaker, while a modern, spa-like bathroom can significantly enhance your property’s appeal.
What to Do: Replace old fixtures, add new lighting, and consider upgrading to a dual-flush toilet for water efficiency. Installing a new vanity, modern faucet, or a rainfall showerhead can give the bathroom a fresh, luxurious feel.
Pro Tip: Neutral tiles, modern lighting, and plenty of storage are always appreciated by tenants. Adding a mirror with built-in lighting can also elevate the bathroom’s look and functionality.

3. Add Smart Home Features

Why It Matters: Smart home technology is becoming increasingly popular among renters. Features like smart thermostats, keyless entry, and smart lighting can increase the convenience and security of your property, appealing to tech-savvy tenants.
What to Do: Start with a smart thermostat, which allows tenants to control heating and cooling remotely. Consider adding a keyless entry system for added security and convenience. These features are relatively affordable but make a big impact on the perceived value of the property.
Pro Tip: Smart features can justify a slight rent increase, as they add modern convenience and energy savings. Emphasize these benefits in your rental listings to attract tenants who prioritize technology.

4. Refresh with Neutral Paint Colors

Why It Matters: Fresh paint is one of the most cost-effective ways to update a property. Neutral colors create a blank canvas that appeals to a wide range of tenants, helping them envision themselves in the space.
What to Do: Choose shades like soft gray, beige, or warm white for a clean, modern look. Avoid overly bold colors, as they can limit the property’s appeal and make rooms feel smaller.
Pro Tip: Use semi-gloss paint in high-traffic areas for easy cleaning. Accent walls in subtle tones can add character without overwhelming the space, making the unit feel modern and stylish.

5. Upgrade Flooring

Why It Matters: Durable, attractive flooring adds to the aesthetic appeal and longevity of a rental property. Carpeting can wear down quickly and harbor allergens, while materials like hardwood, vinyl, or tile are easier to maintain and more attractive to tenants.
What to Do: Replace old carpet with vinyl plank flooring or laminate that mimics hardwood. These materials are scratch-resistant, water-resistant, and affordable, making them ideal for rental properties.
Pro Tip: Consider hardwood or high-quality vinyl flooring for living areas and tile for kitchens and bathrooms. These materials are not only durable but also easy to clean, which is a selling point for tenants.

6. Improve Curb Appeal

Why It Matters: First impressions are everything. Enhancing your rental’s exterior makes it more inviting and can increase interest from quality tenants. A well-maintained exterior suggests that the interior is equally well-cared for.
What to Do: Simple upgrades like a fresh coat of paint on the front door, new outdoor lighting, and well-maintained landscaping can make a big difference. For multi-family properties, consider adding outdoor seating areas or planters.
Pro Tip: Power wash the exterior and clean the windows to give the property a refreshed look. Adding a few potted plants near the entrance creates a welcoming atmosphere that appeals to potential tenants.

7. Install Energy-Efficient Features

Why It Matters: Tenants appreciate energy-efficient homes that help them save on utility bills. Energy-efficient features also appeal to environmentally conscious tenants, which is an increasing demographic in the rental market.
What to Do: Install energy-efficient windows, LED lighting, and low-flow water fixtures. Consider upgrading insulation if it’s an older property, as this can help reduce heating and cooling costs.
Pro Tip: Highlight energy-efficient features in your rental listing. Tenants are often willing to pay a premium for lower utility costs and the added comfort that comes with energy efficiency.

Call to Action

Investing in the right renovations can attract high-quality tenants, increase rental income, and reduce vacancy times. If you’re looking for more ideas to enhance your property’s appeal, download our Top 10 Renovations That Increase Rental Value guide here and start planning your next upgrade!