24
Mar
Off

Apartment Renovation Tips For New Landlords

When it comes to all kinds of renovation, regardless of what kind of property it is, it is always important to know how to budget your time and your money.

Budget and Time of Completion

That is the very first thing that you need to do. You need to be realistic when setting the date of completion and the amount of cash that you will spend. If you plan to have an extensive remodel and install high-end fixtures, you need to be prepared to shell out a lot of cash. However, if you are on a shoestring budget, you should be ready to spend some time researching where to find cost-efficient yet good quality materials for your renovation.

Multiple Bids

If you are looking to obtain a fair price, you should secure several bids for the apartment renovation work that you want to have. If you think that the remodeling job is going to be expensive, it is best to request for multiple estimates. But, you need to keep in mind that doing this can be tedious and time intensive. However, all your efforts would be worth it once you receive inexpensive bids from contractors who are known to provide great services.

Paint And Flooring

You might also want to consider repainting and changing the flooring of your apartment. These projects would cost you some cash, but it would definitely be beneficial since you may end up getting more rent if you do this. A few tips when painting includes choosing bright colors that match that of the walls. When it comes to the flooring, you can choose from selections like carpet, tile, vinyl, and wood laminate. If you are looking for the best option for your kitchen and bathroom, that would be tiles. Wood laminates are ideal for the living room or patio. Carpets are not suggested for places that are being rented since they stain easily.

Plumbing and Electrical System

If your apartment is at least 20 years old, you need to have its electrical and plumbing system checked. Find some reputable electricians and plumbers and request for bids. For the plumbing task, check if there is a need to change the water valves, washing machine hoses, dishwasher hoses, supply line hoses, and drains. For the electrical system, check if you need to have the outlets and switches replaced with new ones.

Supply Prices

As mentioned earlier, getting bids will help you find a provider that can give you the most affordable service. However, when it comes to buying supplies, it is not always ideal to purchase those that are lowest-priced. Never pick the least expensive supplies. In most cases, they do not offer a very good quality. You might end up spending more because you had to replace the cheap ones you bought.

Experts Know Best
For example, you have no idea what new design you want for your new investment property, you can always check on what the experts are doing. You can read on the latest developments within the real estate sector. You can research on the likes of Joe Nahas 8 Philip Street Parramatta. You will get to find the latest architectural designs, which you may want to get some inspiration from for your apartment renovation. After all, who would know best about this but those who have been acclaimed for the many successful structures that they have built, right?