Key Takeaways
Strategic renovations increase property value and help attract long-term tenants.
Focus on durable, functional updates that appeal to your local rental market.
Golden Properties can coordinate renovations and protect your investment.
A rental property is only as good as its ability to attract and retain tenants. In 2025, no one is lining up for avocado green tiles or shag carpet. At Golden Properties, we know rental properties are a smart investment, but only when they appeal to modern renters. If your unit feels outdated, it might be time to consider a few impactful, cost-effective updates.
The right renovations can help increase rental income, improve tenant satisfaction, and cut down on costly turnover. Whether you’re renting in Austin or elsewhere, standing out in a competitive market starts with a few smart upgrades.
This guide outlines practical renovations that not only boost curb appeal but also strengthen your bottom line.
Before You Renovate: 5 Factors to Consider
Not every upgrade is worth the time or money.
Keep these key factors in mind before starting any project:
Tenant Expectations: Most renters want clean, functional spaces with modern finishes and working appliances. They aren’t expecting luxury, but they do expect livable quality.
Return on Investment: Renovations should increase rental value, reduce vacancy time, or improve resale value. If they don’t deliver a return, reconsider your plan.
Function Over Flash: Focus on upgrades that tenants need and appreciate, rather than trendy updates that may go out of style quickly.
Preventive Value: Some improvements help you avoid costly repairs in the future. Replacing aging materials now can save time and money later.
Market Match: Make sure your upgrades align with local market expectations. A modest kitchen refresh may provide better value than a high-end bathroom remodel.
8 Best Renovations for Your Rental Property
These upgrades are cost-effective, appealing to tenants, and help reduce long-term maintenance costs.
1. Refresh the Kitchen
The kitchen is one of the most important areas for tenants, so it’s a key aspect of property maintenance. A clean, functional kitchen makes a strong impression and often justifies higher rent.
You don’t need a full renovation to see results. Replacing countertops, repainting cabinets, or installing new hardware can give the space an updated look. Adding a deep stainless-steel sink or pull-down faucet is another easy win. If possible, replace older appliances with energy-efficient models for added appeal.
2. Add Smart Home Features
Smart technology is a growing expectation among renters, especially younger tenants. Features like keyless entry, smart thermostats, and video doorbells improve security and convenience.
Choose systems that are easy to use and maintain, and that don’t require extensive setup on the tenant’s end. These upgrades can make your property more competitive in any market.
3. Install In-Unit Laundry
In-unit laundry is increasingly becoming a must-have. If space allows, adding a washer and dryer can significantly increase your property’s appeal and help maximize your rental income.
For smaller units, consider stackable or compact appliances. Even a shared laundry space within the building can improve the renter experience and reduce turnover.
4. Update the Bathroom
Bathrooms are another key area that tenants look at closely. Simple bathroom upgrades can improve both function and appearance without breaking the bank.
Replace outdated lighting and faucets, or install a new vanity mirror for a modern touch. Regrouting tile or deep-cleaning problem areas can refresh the space without a full renovation. Upgrading to a low-flow toilet or water-saving showerhead adds value while helping tenants save on utilities.
5. Install Durable Flooring
Old, stained carpet or worn-out linoleum can hurt your property’s appeal. Replacing them with modern flooring, like installing laminate flooring, can make the space look cleaner and newer.
Vinyl plank flooring is a great option. It’s durable, water-resistant, stylish, and easy to maintain. In high-traffic areas like kitchens and living rooms, it’s especially practical. For bathrooms and entryways, consider tile, but choose finishes that are easy to clean and stain-resistant. In multi-unit buildings, soundproof underlayment can reduce noise between floors.
6. Improve Curb Appeal
A clean, well-kept exterior creates a strong first impression. You don’t need an elaborate landscaping budget to make your property more welcoming and improve your curb appeal.
Trim overgrown bushes, refresh paint on the front door, or add solar lights and a few low-maintenance plants. These simple updates help renters feel good about the home before they even step inside.
7. Address Minor Repairs and Repaint
Minor repairs can add up in a renter’s mind. Loose doorknobs, leaky faucets, and scuffed walls can make your property feel neglected.
During turnover, take the opportunity to apply a fresh coat of paint and fix any lingering issues. It’s one of the most affordable ways to make your rental feel fresh and move-in ready.
8. Hire a Property Management Company
Managing renovations and tenant concerns at the same time can be a challenge.
A property management company like Golden Properties can coordinate improvements, oversee contractors, and make sure your upgrades stay on schedule and within budget. These are all benefits you can’t get when self-managing your property.
A good property manager can also:
Recommend high-ROI updates based on the market.
Screen and place quality tenants.
Handle maintenance and communication during and after renovations.
Ensure legal compliance and protect your investment over time.
Bottom Line
Renovating your rental doesn’t have to be expensive or time-consuming. Focus on smart, functional upgrades that appeal to modern renters and support long-term value. Avoid chasing trends that may fade quickly, and instead invest in durable finishes, smart tech, and practical amenities.
If you’re feeling stretched managing renovations and tenants, let the team at Golden Properties help. We specialize in helping landlords increase property value, attract long-term tenants, and streamline operations.
Ready to take your rental property to the next level? Contact Golden Properties today and discover how strategic renovations can boost your bottom line.
