The right durable materials will make turnover maintenance a cinch and will look great over time without costing you too much money.
Here are a few tips for making logical, quality upgrades that will withstand the test of time:
5 Ways to Prevent Damage to your Floors
Your Guide to Better Flooring for your Rental Property
Rental Properties: How to Cut Maintenance Costs and Labor
How much wear and tear can it withstand before the user starts to show? How much does it cost to fix the damages? How often do you find yourself paying for expensive repairs?
With maintenance costs cutting into your rental profits, you want to think long-term when it comes to upgrades and preventative maintenance. While the initial costs of these upgrades might be expensive, you’ll find you will save money in the long run through low-maintenance renovations.
Improvements vs. Repairs: Tax Definitions and Differences
Determining what qualifies as a capital improvement versus making a repair is important, considering they are calculated differently when filing taxes. When preparing your taxes, you should always consult with the IRS and|or a certified accountant to decide what deductions are applicable to you and your specific situation.
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