If you're someone who's invested into a real estate property and want to spruce it up, there are several things that you should be looking for. Making your property more luxurious means adding things to help it be more comfortable and catch the eyes of potential renters. But that's not all you can look forward to; installing high-quality amenities also increases the overall value of your investment. In this post, we'll be covering what you need to make your rental property luxurious.
Swimming Pool, Jacuzzi, or Hot Tub
A swimming pool is an ideal amenity for any home as it's a great way to keep cool in the summer, exercise, and relax. It can also be a great way to entertain guests and family members, which allows them to enjoy your indoor or outdoor space. However, installing a swimming pool is a very expensive renovation. On average, you can expect to spend about $25,000 for it. Though the price of the pool does depend on how you go about it.
As you'd expect, the bigger the swimming pool, the more money that's going into it. That's why you should seriously consider adding a small one or look for an alternative, like a jacuzzi or hot tub at first. But if you're dead set on adding a decently-sized pool, there are others ways to finance it than the profits you earned. One of the best ways to finance this excursion is to take out a personal loan. A personal loan can be used for pretty much anything you need. To avoid having to pay high interest rates, you can shop for more personalized rates online. This way you can opt for a monthly repayment that fits your budget.
For a luxurious feel, marble countertops are the perfect addition to your kitchen or bathroom. Marble is a natural stone that's not only pleasant to look at, it's also built to last. It’s also easy to clean, which makes it an ideal choice for any room in property. Adding marble countertops is also a fantastic way to advertise your rental property as a modern-style home. Just keep in mind that adding this material as countertops can be expensive as it clocks in at about $60 per square foot. But you shouldn't have too much of a problem if you taking advantage of the financing you acquired.
A High-Quality Gym
A gym is one of the most important amenities you can have in a rental property. In fact, it's so important that many other people who invest in a rental property prioritize it over a pool. Furthermore, implementing a gym can be a lot cheaper as well. While it may not seem like much, having access to fitness equipment and personal training can help your guests stay active and healthy during their time living in your property. Try to add three to four of treadmills, ellipticals, exercise bikes, and weight machines. It's also a good idea to have a medium to large collection of traditional weights as well.