Tips to Improve Your Condo Rentals in Chicago
When it comes to property management in Chicago, it’s important that you make sure your condominium is appealing to future tenants. There are a few ways you can improve the property without breaking the budget.
Here’s a guide to help you get the most out of your condominium property management.
Take a look at the building and the units that you own. Do you have any color on the walls or accenting the area? A fresh coat of paint can work wonders to liven up a room. You can always go with the same color you have it now or you can go for a new look altogether. Make sure that your furniture and décor in the condo also go along with the color you choose, or you may need to update that as well.
Lighting is a huge addition to an condominium. It is important that you have the right lighting for the unit you are trying to rent out. When was the last time the fixtures were updated? Do they look old and uninviting? If so, it’s time for an upgrade! You can go with a vintage look, modern style, or a classic fluorescent style. It is up to you on how exciting or how tame you go with your fixtures.
Check the Windows
While you may not have a lot of windows in your building, you do have some. It’s important that you make sure they are not leaking air around them and they are not a safety hazard. Consider upgrading the windows as a tenant moves out and before another moves in. This will not only help to keep the electric bills regulated in the building, but it also keeps your tenants safe and happy.
Don’t Forget Outside
Make sure that your condominium looks appealing from the outside. What does your future tenant see as they approach your Chicago property? Do they see dead plants and paint chipping off the building? If so it’s time to update the outside. Working with a Chicago property management company will help you to guarantee that it will be appealing to any future and current tenant.
Don’t Overdo It
While you may want to add new flooring and totally gut an unit all at once, that’s not the wisest choice. Make sure to go slow and start with small updates here and there. Not only will it be a good way to freshen up your apartment, but it will also keep your budget in line. It is very easy to go overboard with updates or remodels and you can run out of money before the project is done.
Consider working with an experienced Chicago property management company to make sure all your condominium management needs are taken care of. This is important to improve tenant retention, make sure you have quality tenants, and that your property investment is well cared for. Contact Connected Management today to see how they can assist you with all your upgrade and management needs.