Upgrading common spaces can be an effective way to boost your investment property's value and maximize the satisfaction of tenants and property managers. Based on recent stats, the home improvement market is worth more than half a billion dollars, and 60.4 million American households are now using smart home devices. Whether you're a newly becoming a landlord or you're a seasoned pro, these five common-space upgrades will increase tenant comfort and boost the value of your investment.
Try a Fresh Coat of Paint
Giving your common space a fresh coat of paint can add life to a room and create an energizing atmosphere. Prioritize paint in lobby spaces and hallways, as these are often the first places a potential new tenant will see on your property.
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