Simple Things That Make a Rental Property More ValuableAs someone who owns rental properties, it’s vital to your business to preserve the value of your properties in a way that will keep them relevant in today’s highly competitive rental market. One of the best ways to do just that is to make small improvements that can lead to steady increases in the value of your properties. Here are a few simple things that can make a rental property more valuable to renters, and in turn, bring in more revenue for your business.
Improve Your Listings
If your property listings look unprofessional, then the rental revenue you’ll bring in as a result won’t reach its full potential. Property listings that include professional photos, for example, can improve your revenue dramatically and come at a low cost when compared to the profits you’ll be losing with a low-quality listing. Posting your listings on websites with better reputations than the standard Craigslist and other free online resources will also go a long way to boost rental values, as you’ll only be reaching renters who are taking their property searches seriously.
Upgrade Flooring
Flooring is one of the main things renters look at when they evaluate a living space. When they see lots of carpet and linoleum, renters will be less inclined to pay higher amounts for rent. It’s always a good idea to update linoleum and carpet flooring and replace them with laminate, wood or tile. Doing so will surely draw in a higher rental rate than if you kept your property’s outdated floors intact.
Increase Storage Space
People today have more stuff than ever before, which has created a need in the modern housing market for living spaces that include large storage areas. Some of the easiest ways to add storage capabilities to your rental properties are to install more shelving throughout the space. Additional shelving is perfect for pantries or existing closets that don’t have shelves, and can also be used to add new storage solutions to any garages or sheds.
Add Modern Faucets
As silly as it may seem, something as small as old sink faucets can influence a renter’s opinion of your entire property. The good news here is that adding modern faucets to your property is one of the easiest and affordable home improvement projects you can do to add value. Popular sink faucet types today include chrome, bronze and brushed stainless steel, all of which renters will be excited to see as they tour your property.
These are just a few of the many great things you can do to improve the value of your rental properties. By upgrading flooring materials, adding storage space, replacing outdated faucets, and posting your listings on higher-quality websites, your rental property will perform for your business better than ever before.

Hot Key West Business Opportunities

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Tranquil ''Old Keys'' style marina nestled on a rare 1 + acre Oceanside lot with many possible uses! Deep water protected harbor with 18 large boat slips that can handle 50+ ft. yachts. Approach depth approx. 6 ft.+ at high tide with clearly marked channel. Lucrative Boat Rental business with 17 Boats included in the sale. Successful Vacation Rental Business with (10) Aqua Lodges and 1 houseboat also included. Water, New 30 Amp and 50 Amp electric at each slip. Fuel dock, concrete building w/office, ship store, workshop, and garage/storage. 2 Outdoor Showers, 2 Bath houses with indoor showers, stalls, and dressing area. New Waste / Pump Out Station, and fuel station. An additional separate concrete building used for storage on North side of property. Private marina, Must call for an appointment and sign an NDA/CA for more information. $9,750,000 Active

200 Treasure Harbor Drive ISLAMORADA, Florida

4 Baths 1,069 SqFt

Prime retail location on busy 300 block of Duval St. Good visibility in the 6 unit strip center located at the corner of Eaton St.Unit E is approx. 800 sf. and has been totally renovated including new flooring, ceilings, lighting and AC fixtures. Exterior of the entire building has been renovated as well. Private ADA compliant half bathroom. Ample customer and employee parking in the rear. Great mix of tenants including Wendy's, Kermits Key Lime Pie store, Nitro Ice Cream and Mystic Lobster Roll. Potential for retail or small restaurant. Tenants to pay their own Utilities incl. Electric, Water and Trash.Base rent is $80/sf. plus current NNN estimated at $24.50/sf. plus sales tax. Total rent is $104.50/yr x 800 sf. + $83,600/yr. or $6,966.67/mos. plus sales tax.Interior photo's coming soon. $5,334 Active

335 Duval Street E KEY WEST, Florida

2 Baths 6,495 SqFt

Prime Commercial Investment property in the heart of Big Pine Key at MM 30. Commercial zoning allows for many other Commercial uses. Large lot is 20,150 sf. or just under 1/2 Acre. Good visibility with 120' of frontage on Overseas Hwy x 167' deep. There is some parking in the front of the property and within FDOT right of way. Also, large vacant land in rear of building for possible added income with parking, equipment storage or may be potential for additional building. Current CBS single story building is 3,200 sf. Formerly divided up into a 6 unit strip center it is currently fully occupied by 4 tenants. Each tenant is mos. to mos., or soon will be. Leases have been short term and tenants paying below market rents. First time on the market since current owner purchased property in 1977! $1,150,000 Active

30200 Overseas Highway Big Pine, Florida

3,200 SqFt

Join the exclusive Duval Square with this prime 733 sf. commercial unit. Walking distance to everything downtown on Duval St. Offering for sale at one of the lower prices per sq. ft. in the complex. This unit has been extensively renovated in the last two years including new AC, LPV flooring, new lighting, exam rooms, half bath and freshly painted. Unit has a nice open reception area with two private exam rooms. There is also a good size storage room in the rear. This space has a lot of natural light from 2 large plate glass windows and glass french doors in the front. This unit has good visibility with substantial frontage and a large sign above the entrance. Unit comes with 1 private parking space in the garage and ample parking for employees and customers in the front. Currently leased from Oct. 2022 to Sept. 30, 2025 total rent paid including base rent, cam and sales tax $3,317 per mos.The business, furniture and equipment seen in the photo's are not included. $625,000 Active

1075 Duval C-20 Street C20 KEY WEST, Florida

1 Baths


[button size=”large” url=”https://homes.floridakeyscommercial.com/i/newest-commercial-properties-for-sale-in-key-west-fl” expand=”true” color=”#dd3333″]View All[/button]