Buying a property is an investment. When a landlord acquires property for renting, it becomes their source of income. However, this investment requires maintenance and continuous care. The quality of a property is very important because the tenants will expect to get their money’s worth.

A house or unit will experience wear and tear eventually, and that makes the value decrease. It is difficult to ask for a higher rental price if the property is not in its best condition. Some landlords hesitate to make the necessary upgrades because they are worried it will cost too much. What they don’t know is that there are ways to increase home value without spending a lot.

Making upgrades to a property does not mean buying the most expensive items in the market. It does not require getting the latest models either. Here are four budget-friendly tips to increase home value.

• Decluttering

Sometimes the thing that makes a property unattractive is when there are assorted items strewn everywhere. The majority of the tenants prefer a clean and organized space. Too much clutter can also make a property seem smaller and congested.

The first step is to declutter and get rid of some items that are not necessary. The property owner can throw them out or sell them. He can inspect every room on the property and identify unimportant objects. Once this is done, the rooms will have more space.

• Paint changes

If the landlord wants to revamp the property’s look, changing the color can make a difference. He can follow the new trends or make it more lively. If the present wall color is dull, shifting to white walls will make the rooms brighter.

A can of paint costs around $15-$40, and we can all agree that it is cheaper than having the place renovated. If the landlord does the painting himself, it will also save money. The key is to create a new feel to the space.

• Refurbish and restoring

New furniture can bring a new look to the property. However, new furniture also means spending a lot of money. Instead of buying new ones, why not use those which are already available?

The key to this tip is to have creativity and imagination. The property owner can check some of the old things and refurbish them. If they have an old sofa, they can switch the upholstery to a new fabric. It will cost less than buying a brand new one. They can change the look of some pieces of furniture by painting them. Sometimes all it needs is a little tweaking to make something look new again.

• Resourcefulness

For many landlords, upgrading and renovating takes a backseat because of the expenses they bring. The first thing that they will consider is the amount of money they have to spend, and we all know it’s a lot. But a resourceful owner can avoid all that.

Before starting to make changes, he has to check what he has and what he needs. If there is a necessity to purchase some items, it is better to take some time to shop for them. It is not good to buy the first thing he sees because there might be cheaper ones available in a different store.

It is also advisable to have a concrete plan for redecorating. It is not a good idea to spend money on something that will end up not being used. There are several decorating ideas available online. They can browse those for inspiration.

Upgrading a property’s look and increasing its value does not have to require expensive materials. A little ingenuity can go a long way in interior design, and that’s free.

So the next time a landlord finds it difficult to find tenants, you can recommend making some modifications to the property. It will help attract people that when you post the property listing at Padleads, you will have numerous applicants for sure. And since you can syndicate the listing to other web pages, it will reach more renters. Sometimes little changes can make big impacts.