What are the best improvements to make to my rental property?

I own a 3 bedroom, 2 bath house that is not able to sell due to the downturn in the housing market. Therefore, I have been renting it the last couple of years. I want to do some work to it because getting good renters to pay what I want has been hard. Everyone is looking for a "deal" right now. A little about the house: Kitchen has older appliances Tile floor in the kitchen and both bathrooms Hardwood floors in all other areas (no carpet in the house at all) Has been painted a neutral color a year ago 1 bathroom has been completely rennovated a few years back, however the other one was rennovated back in the 80's (outdated, but nice and no crazy colors) Large closets in all the bedrooms, but all the doors are original to the house and could use updating (built in the 80's) Ceiling fan in each bedroom and dining room (older ceiling fans) So, I want to put money into the house but don't want to go over the top and have tenants ruin these thing and never see the money back. So, what I was thinking is putting a fresh coat of ceiling paint on the ceilings and updating all lighting. Touchup any paint that needs it. And maybe putting in new appliances. What do you think? Should I hold off on the appliances, or is this one of those items that tenants really look for? Any other suggestions? Other ideas I had was to update the doors and all hardware, update the vanity and flooring in the outdated bath. I don't have enough money to do everything, so please list what is most important on getting top dollar for my rental. Thanks! I have explored other options like owner financing and rent 2 own but never fully went through with it. Had a few people interested, though. It seems like they couldn't make up their mind before signing the papers and eventually decided against it and rented it back out again to cover the mortgage

6 months ago - 1 answers