Property Management Blog

3 Tips for Increasing the Rental Rates and Value of Your Portland Oregon Rental Property

System - Friday, April 10, 2015

As a long-time owner of Portland rental property, you’ve no doubt heard repeatedly that two of the most effective ways to increase the value of your rental and its ability to command high rents is to focus on improving the kitchens and bathrooms.

Although kitchen and bathroom improvements are important, here are three additional things you can do to increase the value and rental rate of your Portland Oregon rental.

Tip 1 – Create an Open Concept Floor Plan

It doesn’t matter if you have a rental home or plex for rent in Portland, more renters than ever before have indicated that they want to live in properties that have “open concept” floor plans.

This means opening up galley kitchens, eating bars or islands, and removing partition walls that separate kitchens, dining rooms, and living spaces.

Depending on the layout of your rental, this may be a relatively simple change to make.

Tip 2 – Improve Lighting

If your Portland Oregon rental property has poor lighting you should improve it now by adding more light fixtures. You can even purchase floor lamps and table lamps to place throughout the living units.

Installing windows and skylights is also a good idea – there is no substitute for excellent natural lighting.

Tip 3 – Paint the Inside of Your Portland Rental Home

Don’t underestimate the importance of painting the inside of your Portland rental property.

A little paint can go a long way to brighten up a drab space. Colors are like fashion – the colors that are desirable change over time.

If you still have avocado green anywhere in one of your rentals, you know what we mean!

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