Upgrading a rental property can feel less than urgent, especially if you don’t want to spend the money on new appliances, updated flooring, and features and amenities that are hot right now.
Single-family rental homes, however, are especially attractive to tenants who want the experience of living in a home without buying their own. They value space and privacy and convenience. If you want your rental home to compete in the Nashville market for the best tenants, those upgrades are essential.
That doesn’t necessarily require property owners to throw big budgets at renovations. It’s possible to make smart upgrades that are both cost-effective and most likely to increase the ROI on a single-family home.
Nashville has become a huge market for single-family rental investments. Here’s how yours can be exceptionally desirable to tenants.