Home improvement is one thing when you own a home outright, but it’s very much a different thing if you’re a landlord or a renter. Because there are other people to consider when you’re renting out a place or renting a place, the decision tree is going to look a bit different, and that’s going to affect everything from cost to timing of changes and repair.
However, there are certain things to look at both from the perspective of a landlord and from a renter that meet in the middle. Five tips in particular for both parties to look at include use of utilities, basic landscaping, sealing the windows and doors, understanding respective contracts, and always using direct communication.
Pay Attention to Utility Management
After the costs of the building itself, utilities are going to be a major amount of money for both landlords and renters. To this end, renters should do things like turn lights off, conserve water, and pay attention to leaving appliances on. Landlords can actually hire utility management companies that have specialized services that allow owners to understand the costs of lots (including vacant ones) and redistribute where power and services are going to.
Landscaping Always Helps
If you live somewhere, or if you are renting a space out, the outside should really indicate the overall quality of your establishment. To this end, landscaping is a must. By looking into different landscaping processes, you can go through some of the simpler ones both to increase the value of the property, and to enjoy living there more, as the aesthetics can be totally soothing once you have everything set up in the right places.
Seal the Windows and Doors
Heat loss is heat loss, and cool air loss is cool air loss, and energy loss is energy loss, regardless if you’re the landlord or the renter of a place. If you’ve never looked into how much energy gets lost through improperly sealed windows and doors, you’re in for a shock once you start looking into the statistics.
Understand Your Contracts
For both landlords and renters, understanding respective contracts is key to a healthy relationship, and will also set up guidelines for home improvement. It should be clearly laid out who is responsible for what, and what other projects can be started that are not explicitly mentioned.
Communication Is the Key To Good Relationships
When it comes to something like home improvement, the relationship between tenants and landowners is absolutely key, because if they can’t work together, then they most certainly are going to create issues for each other that will not only cost everyone money, but will also make the value of the property suffer as well.