Inflation is hurting people, salaries are stagnant, and people are burned out by the high cost of living – how can you command competitive rates for your rental apartment or home? . One good way to elevate your rental and make it more appealing to prospective tenants is by focusing on your cabinets. Yes, you heard that right—improving your cabinets can add that “wow factor” that makes renters eager to sign the lease.
Why Cabinets Matter
When potential renters walk through a home or apartment, they tend to pay close attention to the kitchen and bathrooms. These areas are often deal-breakers or deal-makers. According to a survey by the National Multifamily Housing Council, kitchens are one of the top features renters consider when choosing a place to live. Outdated or worn cabinets can give the impression that the property isn’t well-maintained, which might turn away potential tenants.
On the other hand, modern, stylish cabinets can instantly enhance the look of these spaces, making them more attractive and inviting. High-quality cabinets with nice trim and a fresh coat of paint can transform an average kitchen or bathroom into a standout feature of your rental property. They also preserve space and make the unit look bigger.
The “Wow Factor”
Imagine walking into a kitchen with sleek, new cabinets that have beautifully crafted molding and a glossy finish. It makes a statement. It tells potential renters that the property is cared for and up-to-date with current design trends. This impression is so important in a market where renters have numerous options and are looking for the best value for their money.
Improving your cabinets can create a lasting first impression. It’s a visual upgrade that catches the eye immediately. When someone tours your unit, they’ll remember the clean, modern kitchen or the polished bathroom. This “wow factor” can be the difference between your property sitting vacant or being quickly rented out. All you need to do is contact your kitchen remodeling contractor and ask for a quote on some new cabinets. They may even be able to provide you with a free 3D mockup to review.
Easy Upgrades with Big Impact
Fresh Paint and Hardware
One of the simplest ways to upgrade your cabinets is with a fresh coat of paint. Choose a neutral color that complements the overall aesthetic of the property. Neutral tones appeal to a broader range of tenants and provide a clean, fresh look. Adding new hardware, such as stylish handles and knobs, can also make a significant difference. It’s a small investment that can modernize the entire room.
Custom Trim and Moldings
Custom trim and moldings can add sophistication to your cabinets. Whether it’s crown molding on the top of your kitchen cabinets or decorative trim around the edges, these details can elevate the look of your cabinets and make them appear more high-end. If you have a modern apartment for lease, you may want a floating shelf system or a trimless cabinet design – a custom cabinet professional can help you.
Refacing and Refinishing
If your cabinets are structurally sound but look dated, consider refacing or refinishing them. Refacing involves replacing the cabinet doors and drawer fronts while keeping the existing cabinet boxes. This option is less expensive than a full replacement but offers a fresh, updated look. Refinishing, on the other hand, involves sanding down the existing finish and applying a new stain or paint. Both methods can give your cabinets a new lease on life without breaking the bank.
Installing Glass-Front Cabinets
Consider installing glass-front cabinets. These can create an open, airy feel in the kitchen and allow tenants to showcase their dishware or decorative items. Glass-front cabinets can also make the space feel larger and more inviting.
The Return on Investment
Investing in cabinet improvements isn’t just about aesthetics; it’s about the return on investment. According to a study by Zillow, kitchens are a significant factor in how quickly and for how much a home rents or sells. Well-maintained, modern kitchens can justify higher rental prices and attract more potential tenants.
By upgrading your cabinets, you’re not only making your property more appealing but also potentially increasing its value. High-quality cabinets can last for years, making them a worthwhile investment in the long-term appeal and functionality of your rental property.
Upgrade Your Cabinets Before Listing Your Apartment
Standing out is crucial. By focusing on improving your cabinets, you can add that “wow factor” that makes your property more attractive to potential tenants.From custom closets in Washington DC to crown molding in a history prewar NYC apartment, simple upgrades like fresh paint, new hardware, custom trim, and refinishing can transform the look of your kitchen and bathrooms, making them memorable highlights during property tours. Other storage systems like a mud room, pantry, or office built-in may help your unit rent faster as well.