As someone who has been involved in over $100 million in real estate transactions since 2008, I've seen firsthand how smart, affordable interior renovations can dramatically increase a rental property's value. You don't always need a full remodel to charge higher rent—sometimes a few focused upgrades can make all the difference. Here are five DIY interior renovations that can boost your rental income without breaking your budget:
1. Fresh Interior Paint
One of the easiest and most cost-effective ways to freshen up a rental is with a fresh coat of paint. Choose neutral colors like soft grays, warm beiges, or off-whites to appeal to the broadest range of tenants. Painting a rental yourself over a weekend can transform the look and feel of the space, making it brighter, cleaner, and much more attractive.
2. Replace Flooring with Durable Options
Flooring plays a big role in a tenant's first impression. If your rental has old carpet or worn-out flooring, consider replacing it with affordable, durable options like luxury vinyl plank (LVP) or laminate. These materials are not only stylish but also scratch-resistant, waterproof, and easy to install. Better yet, they're low-maintenance—something both tenants and landlords appreciate.
3. Update Kitchen Cabinets
You don't need to replace cabinets to make a kitchen feel new. A simple DIY project like repainting cabinets and swapping out the hardware can go a long way. Use a cabinet paint kit for a smoother process, and choose modern hardware in brushed nickel, matte black, or brass. A clean, updated kitchen is one of the top features tenants look for—and they're willing to pay more for it.
4. Install Modern Lighting
Outdated light fixtures can make even a freshly painted property look tired. Upgrading to modern, energy-efficient lighting is a low-cost DIY project that can instantly enhance a unit's appeal. Focus on bright overhead lights, attractive dining room fixtures, and adding dimmer switches where appropriate to create a warm, flexible atmosphere.
5. Improve Storage Space
Tenants love storage. Adding DIY closet organizers, extra shelves, or even simple hooks and racks can make a rental feel more functional and comfortable. In smaller units especially, smart storage solutions can become a key selling point that justifies a higher rent. Focus on areas like bedroom closets, kitchen pantries, and laundry spaces.
Final Thoughts:
Small improvements add up quickly when it comes to rental properties. By focusing on clean design, durable materials, and modern updates, you can make your property more desirable—and more profitable—without the need for costly renovations. Every project you tackle now could mean stronger rental income for years to come.