Many landlords are looking into increasing the value of their rental properties because this is deemed as a viable investment opportunity. One way for you to be able to do so, and effectively also increase the rent you charge, is to upgrade the plumbing system of the property. This article lists down some of the plumbing upgrades that you can implement to foster this goal.
Smart toilet installation
One of the best plumbing upgrades that you can consider is the installation of a smart toilet. A seasoned commercial plumber Croydon locals rely on suggests that you invest in this because not only will smart toilets enhance the aesthetic appeal of your bathroom, but they can also help your tenants save on their water costs. This means that they will be more capable of paying the rent that you have agreed upon. Smart toilets are also easier to clean, which makes them more appealing to tenants who are often so busy.
Water heater replacement
Another thing that you can do to upgrade the plumbing system of your rental property is to replace its water heater, particularly if it is already old. In this case, you can even opt for a tankless water heater which proves to be more cost-efficient in the long run, saving your tenants up to as much as $10 a month, which proves to be an attractive offering. Keep in mind that when your tenants can save on their water costs, you will also be guaranteed that they will have the right budget to go towards the rent.
Upgraded plumbing fixtures
Finally, you can also opt to upgrade the other plumbing fixtures of your home such as the faucets in your kitchen or even the showerhead in the bathroom. As much as possible, go for contemporary ones which both provide visual appeal and functionality. For instance, faucets powered by sensors have a minimalist appeal that most tenants looking for a place to live are after nowadays. Apart from being aesthetically pleasing, these kinds of faucets can also help conserve water as they are only turned on when being used, automatically turning off otherwise.
The Bottomline
Some of the plumbing upgrades that are worth looking into if you are a landlord include the installation of a smart toilet or the replacement of the water heater. You can also consider upgrading your other plumbing fixtures as recommended by Croydon plumbers. All these are geared towards ensuring that the value of your property is increased, allowing you to reap a greater profit from it.
