Top Renovations That Increase Rental Income in Central Ontario

Interior Renovations That Increase Rental Income

When it comes to upgrades, tenants notice the inside of a unit first. The good news? You don’t have to do a full gut renovation. Small changes can make a big difference.

Here are top interior upgrades that boost rental value:

• ✅ Modern flooring: Luxury vinyl plank (LVP) is durable and attractive.
• ✅ Updated kitchens: Even painting cabinets and replacing hardware helps.
• ✅ New lighting: Swap old fixtures for bright, modern LED options.
• ✅ Fresh paint: Choose light, neutral tones. Avoid bold colors.
• ✅ Bathroom improvements: Add a new vanity, mirror, or updated tile.

Disclaimer: This infographic is based on Blue Anchor’s experience and general market trends. For educational purposes only.

Outdoor Upgrades That Improve Curb Appeal

First impressions matter. When tenants show up for a tour, the outside of your property sets the tone. That’s why exterior renovations are just as important.

• ✅ Landscaping: Trim bushes, edge lawns, and add low-maintenance plants.
• ✅ Front door: A new front door adds safety and style.
• ✅ Paint or siding: Make the outside look fresh and clean.
• ✅ Exterior lighting: Solar lights make your property feel welcoming.
• ✅ Porch or patio upgrades: If you have one, make it shine.

Disclaimer: This infographic is based on Blue Anchor’s experience and general market trends. For educational purposes only.

Best Renovations by Return on Investment (ROI)

Not all upgrades are equal when it comes to ROI. Some changes are cosmetic but make a huge impression. Others are structural and add long-term value.

• ✅ Kitchen remodel: High ROI if kept budget-friendly.
• ✅ Bathroom upgrade: Tenants notice clean, modern bathrooms.
• ✅ Flooring: Lasts years and adds visual appeal.
• ✅ Paint: Simple and cost-effective.
• ✅ Lighting: Often overlooked but very impactful.

Disclaimer: This infographic is based on Blue Anchor’s experience and general market trends. For educational purposes only.

For more inspiration, check out Top 7 Rental Property Renovations to Improve ROI.

Tenant Expectations in 2025

Modern renters in Central Ontario want comfort, convenience, and energy efficiency. They look for:

• ✅ Clean, updated interiors
• ✅ Reliable appliances
• ✅ In-unit laundry (if possible)
• ✅ Well-maintained exteriors
• ✅ Safe neighborhoods

For a related guide, check out Preparing Your Belleville Rental Property for New Tenants.

Common Renovation Mistakes to Avoid

Many landlords spend money on the wrong things. Avoid these renovation traps:

• ❌ Overpersonalizing the design
• ❌ Skipping inspections before work
• ❌ Choosing expensive materials for low-rent areas
• ❌ Not getting permits when required
• ❌ Renovating without tenant communication

Before starting, review Renovating a Rental Property: A Guide for Canadian Landlords.

Budgeting and Planning Your Property Upgrade

Renovations can be expensive if you don’t budget properly. Follow these tips:

• ✅ Get quotes from at least 2–3 contractors
• ✅ Focus on high-impact, low-cost changes first
• ✅ Plan renovations between leases
• ✅ Use property management tools to track expenses

Also see 5 Tips on How to Optimize the Value of an Income Property.

To stay legal, review 2025 Ontario Landlord-Tenant Law Changes.

Legal Considerations for Renovating Rentals in Ontario

In Ontario, landlords must follow the Residential Tenancies Act. Renovations that affect tenant comfort may require notice or limit your actions.

• ✅ Provide written notice if work impacts living conditions
• ✅ Don’t increase rent without legal notice
• ✅ Avoid renovictions—be transparent and fair

More at What Happens When Your Landlord Decides to Renovate? and Renovictions: Can New Bylaws Help Protect Canada’s Renters?.

When to Renovate vs. Replace

Sometimes replacing an item is smarter than fixing it. Use this rule:

• ✅ If repairs cost 50%+ of replacement, replace it
• ✅ New appliances increase rent and reduce service calls
• ✅ Cosmetic repairs can be costlier long-term than full upgrades

For upgrade ideas, visit How to Increase the Value of Your Rental Property in Belleville.

Final Thoughts for Landlords in Central Ontario

Smart renovations are one of the fastest ways to increase rental income in Central Ontario. Whether you own a duplex in Trenton or an apartment in Belleville, the right upgrades can:

• ✅ Raise monthly rent
• ✅ Attract quality tenants
• ✅ Reduce maintenance calls
• ✅ Increase long-term property value

Need help planning your next move? Contact Blue Anchor Property Management today and discover how we help landlords renovate wisely—and rent profitably.