Real estate appraisal

9 Smart Investments to Improve Your Rental Properties

rental properties
rental properties

Owning a rental property can be a lot of work but wise management can keep it profitable for years to come. Whether you’re new to the game or an old veteran, these 6 modern features can increase property value as well as make it more comfortable for residents.

1. Wi-Fi

If your rental property doesn’t have Wi-Fi yet, better install it quick. Wi-Fi has become the standard for homes and businesses and if you want to stay marketable, a strong Wi-Fi signal is a must.

However, partnering with a low-quality Internet service can actually hurt, rather than help, your marketability.

Here are the top 10 service providers of 2017, according to Top Ten Reviews:Top Ten Reviews:

1. Comcast
2. Time Warner Cable
3. Verizon
4. AT&T
5. Cox
6. Charter
7. Suddenlink
8. Cable One
9. CenturyLink
10. Frontier

2. Solar-Powered Water Heater

Conventional natural gas or electric water heaters can be a substantial monthly expense. More importantly, they can make up a big part of your carbon footprint, too. Investing in a solar-powered heater is a one-time outlay that saves on both money and pollutant emissions.

3. Home Automation

If you’re installing a solar-powered water heater, why not go one step further with home automation? Home automation devices like smart thermostats, smart lighting and smart HVAC can save energy, reduce a home’s carbon footprint and boost property value.

4. Home Surveillance

Home security systems, like those offered by ADT, Frontpoint and Armorax, should be next on your list of value-boosting property enhancements. With features like cameras, motion sensors, alarms, 24-hour surveillance and easy-to-use controls, they can protect your buyer and your reputation.

As you compare companies, keep in mind that although…