When it comes to maximizing the value of your Beaverton, Oregon, rental property, not all upgrades are created equal. Property owners and Beaverton, Oregon, property management companies alike must be strategic about improvements, focusing on features that renters are willing to pay more for. While some updates can increase your rental income and reduce vacancy time, others may be costly without delivering a meaningful return.
Here are five updates renters will pay more for—and a few they typically won’t.
Updates: Renters Will Pay More For
1. In-Unit Washer and Dryer
Convenience is king in the rental market, and few features are as universally appealing as an in-unit washer and dryer. Renters are often willing to pay a premium for the convenience of doing laundry at home, especially in multi-family units or apartment complexes where shared laundry facilities are the only alternative.
For landlords in the Beaverton, Oregon, rental property market, adding this amenity can justify a monthly rent increase of $50 to $100 or more, depending on the unit type and location.
2. Modern Kitchen Appliances
A kitchen upgrade is one of the most noticeable improvements you can make to your home. Stainless steel appliances, energy-efficient dishwashers, and updated cabinetry often attract quality tenants willing to pay more. Renters see these upgrades as a sign of a well-maintained and contemporary unit.
Working with a Beaverton, Oregon, property management company can help ensure your renovation costs stay within a budget that supports a strong ROI.
3. Air Conditioning or Mini-Split Systems
As summers in Oregon become warmer, renters are increasingly seeking cooling options. Adding central air or ductless mini-split systems can be a game-changer, particularly for upper-level apartments or units with lots of natural sunlight.
This update can command an additional $50–$150 per month in rent, depending on the unit size and the system installed.
4. Pet-Friendly Features
The number of pet owners in the rental market continues to grow, and they’re often willing to pay higher rent or fees for pet accommodations. Features like fenced yards, pet doors, or durable flooring designed to handle pet traffic can attract responsible pet owners and increase tenant retention.
A pet-friendly rental property in Beaverton, Oregon, with thoughtful features can be more competitive and financially rewarding.
5. High-Speed Internet Access or Smart Home Upgrades
Modern renters—especially remote workers and tech-savvy professionals—value connectivity above all else. Providing high-speed internet access or including smart thermostats, locks, or lighting can justify higher rent. These conveniences offer long-term appeal and position your property as more tech-forward.
Updates Renters Won’t Pay More For
1. Luxury Lighting Fixtures
While stylish pendant lights or designer chandeliers may improve aesthetic appeal, they rarely translate into higher rent. Renters are generally more concerned with function than form. Simple, modern lighting is often sufficient and cost-effective.
2. Crown Molding or Ornamental Trim
These decorative touches may look elegant, but renters usually don’t consider them worth a higher rental rate. Unless you’re marketing a high-end or luxury unit, the expense of intricate molding isn’t likely to pay off.
3. Custom Paint Colors
Neutral tones are a must in rental properties. Bold or custom paint colors might appeal to some, but they can just as easily deter potential tenants. Worse, they don’t justify a rent increase, and they may lead to higher turnover if tenants don’t like the aesthetics.
4. Overly Fancy Landscaping
While curb appeal matters, overspending on landscaping features like fountains, topiary, or custom stonework won’t significantly boost rent. Focus on clean, well-maintained, and low-maintenance landscaping instead—something Beaverton, Oregon, property management firms often recommend.
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5. High-End Flooring (e.g., real hardwood)
Durable and attractive flooring, such as luxury vinyl plank, can give you the look of hardwood without the high cost or maintenance. Renters appreciate good flooring, but they rarely differentiate between mid-range and high-end options, meaning you won’t recoup the extra expense in rent.
Understanding which updates renters are willing to pay for is crucial to maximizing ROI on your Beaverton, Oregon rental property. Partnering with an experienced Beaverton, Oregon, property management team can help you make strategic, cost-effective decisions that boost your bottom line without wasting resources on unnecessary upgrades.
By focusing on the features that matter most to renters—like modern appliances, comfort, convenience, and pet-friendliness—you’ll not only command higher rent but also attract and retain high-quality tenants.
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