As a homeowner, you likely know that making certain renovations may help increase the value of your property. But when you’re also a landlord, updating your property may make it more appealing to potential renters and allow you to increase monthly rent, according to Zillow. If you’re contemplating on making renovations to your rental property, read on to learn what factors help determine rent prices and what upgrades tend to offer the biggest returns.
What Factors Determine Monthly Rent?
Before you decide on upgrades, you may want to determine how much you can charge for your property’s monthly rent. Take a look at your local market and compare your property with other rentals in the area, says Zillow. Getting familiar...
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How to Increase the Value of Your Rental Property was originally posted by ClaimsMate.com Insurance Information Resources
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