A new coat of paint is among the simplest methods to enhance your properties. It increases your return on investment while also giving your properties a better-than-before appearance with little work. However, many investors are unsure of how often to paint their rental properties, let’s discuss how to determine when to repaint.
How to Determine Whether Your Rental Needs New Paint
Otherwise, the landlord, or property manager, has complete discretion. Scuff marks, furniture marks, and small holes are sometimes visible throughout a rental, which could be a reason to paint. However, these factors have no bearing on habitability.
After one tenant moves out, take a close look at all the walls in your rental. Is there any significant scuffing, damaged paint, or obnoxious furniture marks? If you don’t want to repaint the entire property, you could try painting over these areas. Consider a full repaint if the damage is extensive and makes the property appear unappealing.
Landlords typically decide to repaint a rental every 2 to 5 years. Repainting after each tenant moves out is neither necessary nor cost-effective. After all, the costs of materials and labor can quickly add up.
How Much Will Painting Cost?
Painting an apartment costs about $1 to $3 per square foot on average. So, multiply the average by the square footage of your property to get an estimate. However, the actual cost is determined by the quality of paint used. The higher the quality of the paint, the higher the price.
The next decision point will be whether you hire professional painters to finish the job. Painting the property yourself will not be difficult, but you will need to make time in your schedule to do so. Hiring contractors, on the other hand, can save you time and money.
Hiring a painter typically costs between $20 and $50 per hour. Most contractors, on the other hand, estimate the time it will take to paint and charge a flat rate per project. If you want to know more about costs, you should check out our Ultimate Painting Guide here.
Should You Hire Contractors to Paint Your Properties?
Owners can save money by painting their rental properties themselves. However, painting your rental takes a significant amount of time and effort. Many landlords or property management teams hire contractors to help them get their rental properties ready for the next tenant.
Unless you have extensive experience painting rental properties, it is best to hire a professional contractor that’ll be able to complete the project quickly and efficiently.
A full-service contractor like Infinite Capital Construction, offers their own experience, over a decade of servicing Austin multi-family buildings, so you can feel confident that your properties will be taken care of with the quality and professionalism they deserve.
Contact us today if you need to paint properties in Texas like Austin, Dallas, Fort Worth, Houston or San Antonio.
