Home improvements for renting? Material choices matter.

Posted on Updated on

By Paul Branton, Director of Investor Services for Home Rental Services

When it comes to making home improvements with renting in mind, there are certain choices that can help reduce your maintenance costs. One of the important choices is the type of materials to use. The most common are found in the flooring department. The initial costs for “upgrading” may not be attractive at first glance. But if you run the numbers on how much longer it should last, that is where you see the value.

Here are a few areas where material choices matter:

CarpetCarpet vs. LVP (Luxury Vinyl Plank)

  • Life Expectancy of Carpet = 5-10 years
  • Life Expectancy of LVP = 15-25 years

Treated Lumber vs. Composite Decking

  • Life Expectancy of Deck = 10-15 years
  • Life Expectancy of Composite Deck = 20-25 years

Carpet vs. High Traffic Carpet

  • Life Expectancy of Carpet = 5-10 years
  • Life Expectancy of High Traffic Carpet = 15-20 years

While most of the “upgrade” options should last nearly twice as long, they generally don’t cost twice as much… which means you come out ahead!

Replacing a deck with a concrete patio

Concrete PatioAnother area that we’ve been helping investors reduce maintenance costs over the long haul is by way of replacing decks with concrete patios. If the deck is low enough to the ground that it wouldn’t require a long flight of stairs to reach the patio, we recommend tearing off the deck and installing a concrete patio. As I’m sure you know, wood decks require annual maintenance and deteriorate much more quickly than concrete patios. Surprisingly, they cost about the same to install.

What other areas of home improvement do you consider “upgraded” or “alternative” material choices to reduce your maintenance costs?

If you have any questions about making a property rent-ready, please feel free to give us a shout. We would love to help!

Please leave a comment:

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s