Not all renovations are created equal. If you're an owner, manager, or investor, the goal isn't just to make a unit look nicer—it's to justify higher rents, attract better tenants, and keep turnover low. Here are five upgrades that consistently move the needle on rent and ROI.
1. Modernize Kitchens
Kitchens sell (and lease) units.
High-impact, cost-conscious upgrades:
- New cabinet fronts or painted cabinets with modern hardware
- Durable countertops (butcher block, quartz, or quality laminate)
- Updated fixtures and a clean, modern faucet
- Matching, clean appliances (they don't have to be top-of-the-line—just consistent and reliable)
A simple, cohesive kitchen will out-perform a dated one with "random" upgrades every time.
2. Refresh Bathrooms
Bathrooms are the second biggest decision-maker for residents.
Focus on:
- New vanity with solid surface top
- Updated faucet and matching hardware
- Fresh caulk and grout (makes everything feel cleaner)
- Modern, bright lighting and a new mirror
- Clean, functional tub/shower with updated fixtures
You don't have to go luxury—just clean, bright, and modern.
3. Install Durable Flooring & Updated Finishes
Flooring and finishes set the overall feel of the unit.
Good value-add choices:
- LVP (Luxury Vinyl Plank): Durable, water-resistant, and attractive for both multifamily and single-family rentals.
- Consistent finishes: Matching door hardware, hinges, and light fixtures in a simple, modern style.
- Neutral color palette: Light, warm neutrals on walls help units feel larger and work with most furniture.
These upgrades reduce maintenance calls and make turns faster and easier.
4. Add Energy-Efficient Upgrades
Tenants care about utility costs—and so do future buyers.
Consider:
- LED lighting throughout
- Programmable or smart thermostats
- Weatherstripping, basic air sealing, and efficient showerheads
- Upgraded appliances with better energy performance
These improvements make your units more attractive to cost-conscious renters and can support slightly higher rents or faster lease-ups.
5. Integrate Smart Home Features
Smart features are no longer "luxury only"—they're becoming standard expectations in many markets.
High-impact options:
- Smart locks or keyless entry (huge win for both residents and managers)
- Smart thermostats
- Video doorbells in applicable properties
- Pre-wired or ready connections for internet/streaming
These features improve security, convenience, and perceived value—especially for younger renters and remote workers.
Putting It All Together
The best rent-boosting upgrades are:
- Visible: Residents notice them on tours and in photos.
- Durable: They hold up through multiple tenants.
- Measurable: You can tie them to higher rents, faster lease-ups, or lower maintenance.
If you prioritize kitchens, bathrooms, flooring/finishes, energy efficiency, and smart features, you'll create units that stand out online and on-site—and support stronger returns for your multifamily, single-family, and investment properties.