Painting is one of the most cost-effective upgrades you can do to improve the value of your rental property. Not only do tenants tend to notice a new paint job, but it’ll also help cover the many minor imperfections that can have a big impact on their overall impression of the property, such as scuff marks, stains, and discolorations.
A new coat of paint goes a long way towards brightening up your rental property—but how often should landlords paint the interior of their rental units? Here’s what you need to know about painting your property as a landlord in DC!
When Paint Is Damaged—Every Few Years
If the paint in your rental unit is chipping, peeling, fading or accumulating marks, it’s safe to say it needs a new coat of paint. Although many of these signs of damage don’t technically affect the livability of the unit, they do affect its appearance, often more dramatically than many landlords realize.
Depending on how long your lease is for your tenants, this could mean painting while they are still occupying the unit. Generally, painting at least every two to three years is a good idea, but if your tenants take excellent care of the unit and there aren’t any obvious signs of damage, you could wait as long as five years.
Should You Paint After Your Renters Move Out?
Although it’s popular for landlords to have the unit painted during turnover, it’s not always necessary. A deep clean of the space can often remove many of the marks and prevent the need for a new paint job. In addition, some rooms see more use than others, such as the kitchen and the bathroom, so you may need to repaint these spaces and not the bedrooms.
That being said, there doesn’t always have to be obvious signs of damage to warrant a new paint job. For example, if your tenants have been in the unit for years and the color is looking a little dull, a fresh coat of paint can make a big difference to prospective tenants looking at the unit.
Other Things to Consider When Painting
Painting your rental property doesn’t have to be a big or expensive job, but you should take a few steps to protect your investment and ensure the paint job will appeal to your tenants and last as long as possible.
- Choose light or neutral colors. Tenants prefer to see these colors, and the neutrality of the paint will help them imagine their things in your rental property.
- Go with a satin or semi-gloss. These finishes may not be the first pick for everyone, but they’re easier to clean and will wear better over time, which can reduce the number of times you need to repaint.
- Include information about painting in your lease. If tenants want to change the color or conduct a DIY paint job, be sure to require written permission so that they don’t go about changing the color without your approval.
With the right paint, you can make your rental property beautiful, bright, and attractive to new renters—and make your existing ones happy!
Let Us Help You Manage Your DC Rental Property
At FAS Management, our professional property managers work with clients in DC to effectively manage their income properties. Contact us today to find out how we can help you maximize your investment at (202) 337-5080!