How to Budget for a Rental Refresh Without Breaking the Bank

Introduction:
If you’re a landlord or investor, keeping your rental units in great shape is a smart way to retain good tenants and increase rental value. But renovation costs can add up fast unless you plan ahead. In this blog post, we’ll show you how to build a practical budget for your next rental refresh.
1. Identify Your Goals
Before calling contractors or heading to the hardware store, know what you want to achieve. Are you going for a simple cosmetic upgrade, or is this a more involved renovation like updating a bathroom or flooring?
Tip: Focus on what will add value without over customizing.
2. List Out the Key Projects
Common rental refresh tasks include:
Interior painting
Vinyl or laminate flooring
Minor drywall patching
Light kitchen/bathroom updates
Fixtures & hardware upgrades
Create a priority list so you know where your money should go first.
3. Get Realistic Price Ranges
Ask for a quote or use an online estimator tool. At D’Bonilla Home Renovation, we offer custom price estimators and free consultations to help you understand your expected costs before you commit.
4. Set a Cushion Budget
Always factor in a 10–15% buffer for unexpected costs like wall repairs, extra materials, or last-minute fixes.
5. Explore Financing
Don’t postpone necessary updates due to budget limitations. We offer flexible financing options through trusted partners like Enhancify, so you can renovate now and pay over time.
Conclusion:
A rental refresh doesn’t have to be overwhelming. With smart planning and the right partner, you can improve your space affordably and efficiently.
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