Owning rental property in Frisco is a smart move—our market remains strong, tenant demand is high, and property values continue to climb. But to truly maximize your return, landlords need to think like strategic investors, not just owners.
One of the most effective ways to do that? Renovate with intention.
At Navigate Property Management, we manage homes across Frisco, McKinney, and North Dallas. We’ve walked thousands of units, analyzed market data, and heard directly from renters about what makes a home worth the rent. These seven renovation tips are backed by experience and designed to help you boost rental income, cut vacancy time, and reduce long-term maintenance costs.
A full kitchen remodel can cost upwards of $25,000 for Landlords, but for rentals, that’s rarely necessary. Most renters prioritize function and style over luxury. We've seen significant rent increases from simple improvements like:
Frisco Insight: Homes with updated kitchens rent 20–30% faster, especially in family-heavy neighborhoods near Frisco ISD. According to Remodeling Magazine’s 2023 Cost vs. Value Report, even minor kitchen remodels yield strong ROI for rentals.
Tenants overwhelmingly prefer hard-surface flooring that looks modern, holds up to pets and kids, and is easier to clean. Luxury vinyl plank (LVP) mimics hardwood but resists water and scratches—ideal for rentals.
Real Cost Example: Installing LVP in a 1,500‑sq ft Frisco home typically runs $3,500 to $5,000, often recovered in 12–18 months via higher rent and fewer maintenance calls.
Before a tenant walks inside, they’re judging your rental by the listing photos. Strong curb appeal means more clicks and showing requests. Try repainting the front door, upgrading exterior lighting, and refreshing landscaping with mulch and planters.
Pro Tip: Older neighborhoods like Plantation Resort or The Trails often need exterior updates to stay competitive with newer builds.
Remote work is here to stay. Renters are looking for a space to work—even if it’s small. Convert a loft, corner, or oversized closet into a simple home office with a desk, shelves, and USB ports.
Value Boost: Renters with remote jobs often earn more, stay longer, and expect a professional setup.
Want to learn more about tenant expectations and lease renewal trends? Read our post on understanding property evaluation vs. inspection.
You don’t need a spa‑level bathroom. Focus on clean, modern, and functional. Replace dated vanities, upgrade lighting, and refresh grout or flooring with peel‑and‑stick tile for quick wins.
Tenant Trend: Handheld showerheads are highly requested, especially by families and pet owners.
Smart features like keyless entry, smart thermostats, and video doorbells add huge perceived value. They improve convenience, reduce energy waste, and streamline management.
According to a 2022 report from the National Association of Realtors, renters increasingly choose homes with smart tech over those without.
Fresh paint in warm, modern neutrals (like Accessible Beige or Agreeable Gray) makes a home feel move‑in‑ready. Use satin or eggshell finish for easier touch‑ups between tenants.
For insight on long-term property upkeep and avoiding costly surprises, check out our guide to handling major repairs.
Resist the urge to over-upgrade. Focus on changes that attract quality renters, reduce turnover, and increase durability. Every dollar should serve function and return.
At Navigate Property Management, we don’t just make recommendations—we handle the upgrades. From contractor coordination to market-aligned rent pricing, we protect your investment and maximize returns.
Ready to upgrade your Frisco rental? Call us at (214) 305‑9166 or visit nmcpropertymanagement.com to get a custom rent and renovation analysis.