When you’re a property owner in Chicago, you want to make sure that your investment property is rented at all times. Sometimes your tenants will stay for years, but inevitably, they will leave, and new tenants will look at your building. As a Chicago condominium owner, you sometimes need to invest in the property and renovate your current apartments. It can be as simple as a fresh coat of paint or a total remodel of an entire floor.
Working with your Chicago property management company can help you to get the job done while making the building appealing to your future tenants. Your current tenants also want a beautiful place to call home. While you may think that just any old renovations will do, here are a few things you should steer clear of when redoing your property in Chicago.
More and more each day people are becoming aware of the impact their homes and energy use has on the environment around them. You can no longer purchase items to use in your condominiums just based on price. You need to be aware of the impact it can have on your environment because your tenants sure will be. For example, buying paint because it’s the cheapest one around is not going to cut it. You need to be informed no the impact it can have. Your lightbulbs should be LED or CFL’s to avoid high energy use and make sure your HVAC systems are energy efficient as well. You can no longer avoid this topic as a real estate investor in Chicago.
You may be tempted to avoid using any type of window treatment in your Chicago property. While a minimalist approach is nice, there is such a thing as going too minimalistic. Consider having your Chicago property management company adding in blinds or even curtains to your available properties. This will add a nice homey touch that will draw in new tenants.
Yes, they are gorgeous, and the style is definitely one that is appreciated. However, they can cost a lot of money to redo a condominium in Chicago with these types of countertops. You can easily get the same look or even a different one with a less expensive version such as marble, laminate that has been treated, or even quartz options. Don’t forget that the popular trends now will also diminish over time. It’s best to use something that is versatile and will last a long time, even when trends shift.
Working with your Chicago property management company, such as Connected Condominium Management, can help you to improve the look of your property while gaining new tenants. You want to make sure that you are attractive to new potential tenants and that you understand what they are looking for. It’s important that you stay updated on timeless trends that will always work well with your future and potential tenants. Be sure to talk with your management company about renovating and updating your Chicago unit.