Is it that time in life where you house is just too much for you? Perhaps you are ready to downsize but you aren’t ready to sell your existing home yet.
Converting your home to a rental home, might be the perfect choice for you.
To minimize the cost of maintaining your new rental home, you might want to consider some of these options:
Select durable materials
As you repair or improve parts of your home, select durable materials. Tenants can put a lot of wear and tear on your home. Durable materials will last longer and require replacement less often. For instance, linoleum floor can easily get damaged, whereas tile is more durable and resistant. Laminate flooring may hold up better than carpeting. Furthermore, if a section gets damaged, you can replace just that section rather than the whole room.
Use low maintenance options
In addition to durability, consider low maintenance products. For example, wood decking may need repair and painting every few years. Composite decking, on the other hand, wouldn’t require any ongoing maintenance. Although you may spend more money up-front for some items, you will spend less money and time in the long run.
Landscaping can be a very time-consuming task. It’s a rewarding one when you take care of your own home, but you probably don’t want to visit a rental property every week to work on landscaping there. Reduce the amount of time, energy, and money needed to maintain rental properties by simplifying the landscaping. For instance, select plants that don’t require constant pruning and trimming. Remove or relocate excess plantings. Mulch and segregate areas in a manner that make it easy to maintain.
We will help you understand all the ins and outs of your legal responsibilities and help you manage the property and the rental home process.
All my best,
Picket Fence Properties, located in Windsor, CO is Northern Colorado’s Top Notch Property Management company helping owners with their rentals, income/investment properties and vacancies in Northern Colorado. Are you an owner of a home for rent or that you’d like us to manage? We help you have the perfect tenants in NoCO. Are you looking for somewhere to rent in Greeley, Loveland, Fort Collins, Wellington, Eaton, Evans, Windsor, Frederick, Firestone? Look no further, we have all your real estate and rental needs covered. Check out website for vacancies today.